Side hustles are no longer a niche trend in the UK. With the rising cost of living and increased opportunities to earn money online or […]
The Ultimate Guide to Running a Business Alongside Your Job
As the nature of work continues to evolve, more people are choosing to supplement their regular employment with self-employed pursuits. Whether through freelancing, running a […]
How Making Tax Digital for ITSA Helps Sole Traders Save Time and Money
In recent years, the UK government has embarked on an ambitious initiative aimed at overhauling the country’s tax system. This initiative, known as Making Tax […]
Non-Business Bad Debt: What You Can Deduct and How
Many individuals at some point in their lives have loaned money to a friend or family member with the expectation of being repaid. While the […]
Understanding the Difference Between Form 1099-NEC and 1099-K
As a new tax season begins, self-employed individuals, freelancers, and gig workers typically receive a variety of informational tax forms from clients, financial institutions, and […]
Filing Taxes as a Married Couple: Your Options Explained
Getting married is a major life milestone filled with joy, new beginnings, and responsibilities. While many newlyweds focus on planning a honeymoon or merging finances, […]
Understanding the Tax Benefits of Retirement Contributions
Saving for retirement is not just a critical part of long-term financial planning but also a strategic way to manage your annual tax bill. Whether […]
Choosing Between an S Corp and a C Corp: Key Differences and Benefits
Choosing the right business structure is one of the most important decisions an entrepreneur can make. The structure you choose affects everything from how much […]
Tracking Your 2025 Montana State Tax Refund
When expecting a state tax refund, many Montana residents find themselves asking the same question early in the year: Where is my refund? The process […]
Understanding Form 1099-LTC: A Guide to Long-Term Care Tax Reporting
Form 1099-LTC is issued by an insurance company or similar payer to report payments made under a long-term care insurance contract or as accelerated death […]
Understanding Passive Income: Strategies and Tax Implications
The concept of passive income appeals to many individuals, especially those who seek to earn money with minimal day-to-day effort. While traditional income requires consistent […]
Understanding Taxable and Nontaxable Income
Understanding what constitutes taxable versus nontaxable income is essential for anyone who wants to accurately file their tax return and avoid potential issues with the […]
Understanding Farm Taxes: Cattle, Deductions, and IRS Rules
Farming is more than just a way of life, it is a legitimate business recognized by the Internal Revenue Service, and with it comes unique […]
How Your Annual Bonus Is Taxed: 7 Things You Need to Know
Receiving a bonus at the end of the year can feel like a rewarding acknowledgment of your hard work and dedication. For many employees, an […]
Essential 2025 Tax Filing Dates for Individuals and Businesses
Understanding the tax season and its timeline is crucial for avoiding penalties, filing accurately, and staying on top of your financial responsibilities. The tax season […]