Understanding PayPal 1099-K: New Reporting Rules

Business owners may receive payments for their goods and services through a variety of means, including third-party payment platforms like PayPal. In past years, some businesses have taken advantage of the IRS threshold for issuing 1099-K forms in order to avoid...

Independent Contractor Taxes: The 2023 Guide

Starting your own business means autonomy, freedom, and flexibility as you set the pace for your career. However, independent work is not as simple as it may seem–especially when it comes to filing taxes. In the absence of an employer who largely handles taxes and...

How to File Taxes for an LLC

As a small business, filing your annual tax return will look a bit different depending on your business structure. As an independent contractor, for instance, tax filing is relatively straightforward and a part of the process of filing your personal tax return....

The 2022 Tax Prep Checklist for Businesses

Whether you’re a self-employed team of one, or an S corporation with many shareholders, a lot goes into filing your business taxes as part of a pass-through entity. To make it all a little less overwhelming, here is your definitive small business tax prep...

How to Conduct a Market Analysis for Your Business

Whether you’re a current business owner or you’re looking to start your own business, you’re naturally looking to gain some perspective about your target market and competitors. Performing proper market research will help you learn more about the players in your...

What To Do If You’re Late Filing Or Paying Your Taxes

Running a business requires a lot of attention to detail. Filing taxes is one of those details that can easily fall between the cracks when there are lots of other urgent tasks at hand. But, if tax season hasn’t been on your radar and you’re at risk of filing late or...