If you work from home, you may owe considerably more taxes than someone who works out of the home and has taxes deducted from their paycheck. There are a lot of things you can do to lessen the chances of your tax return being audited – in this post I’ll share a few tips that … [Read more…]
If you work from home as an independent contractor, tax time can be a very stressful time of the year. This post will provide some tips on how independent contractors can make sure they don’t end up owing Uncle Sam a a lot of money. First, make sure you’re properly classified as an independent contractor … [Read more…]
So it’s tax time and you’re trying to figure out how to distinguish a direct expense and need examples of direct expenses. What a debacle! While trying to figure out how to distinguish between direct and indirect expenses can be difficult, it doesn’t have to be. A direct expense is, quite simply, an expense that … [Read more…]
Figuring out how to deduct computer expenses on your taxes can be tricky. There are a few different ways to deduct, as well as different forms you can use to deduct, depending on whether you’re an employee or an independent contractor. This post will provide some guidance so that computer expenses are deducted correctly, allowing … [Read more…]
Are you a business owner who needs to know how to calculate federal withholding taxes for your employees? If you can’t afford an accountant or one of those fany programs that calculate taxes for you, this article will provide more information on how to calculate federal withholding taxes.