At first glance, self-employment and small business ownership may appear almost identical. Both roles involve entrepreneurial freedom, direct control over decision-making, and the independence to […]
Author: Erik Wilson
Tax Filing Made Simple: A Deep Dive Into IRS Forms, Schedules, and Deductions
Filing taxes is a responsibility shared by individuals and businesses alike, and it begins with understanding the fundamental role of tax forms. These forms are […]
LLC Car Purchase Deductions: How to Write Off a Business Vehicle Legally
For many small business owners operating under a Limited Liability Company (LLC) structure, deducting the cost of using a vehicle for business purposes can lead […]
Find Out When Your 2025 Hawaii State Tax Refund Will Arrive
Residents who file a return with the Hawaii Department of Taxation and expect a refund are often eager to know when they will receive their […]
Home Office Tax Deduction: Who Qualifies and How to Calculate It Correctly
Working from home has become a regular part of life for many self-employed professionals, freelancers, consultants, and small business owners. Whether you’re running an online […]
How to Avoid Paying Gift Tax on Money or Property Transfers
Giving money or valuable property to family and friends is a common and generous act. Whether you’re helping your child buy a house, supporting a […]
New 1099-K Thresholds Explained: How the IRS Reporting Rule Affects You
If you have sold goods online or received payments through third-party services such as Venmo, Cash App, PayPal, or Square, you are likely to be […]
Home Office Utility Deductions: What You Can and Can’t Claim on Your Taxes
When it comes to tax season, many self-employed individuals seek out every available opportunity to reduce their taxable income. One such opportunity lies in the […]
W-2 Form Basics: Why It’s Important and How It Affects Your Return
Each year, millions of employees across the United States receive a form known as the W-2. This form serves as a comprehensive summary of the […]
Step-by-Step Guide to Filing IRS Form 8962 for Health Insurance Tax Credits
Filing your federal income tax return can feel overwhelming, especially when it involves reconciling health insurance benefits like the Premium Tax Credit. If you or […]