What to Know About the Kiddie Tax The Kiddie Tax is a tax law that can catch families off guard if they’re not aware of how it works. Designed to prevent parents from shifting investment income to their children to take advantage of lower tax rates, the Kiddie Tax...
What to Know About 1099s and Contractor Payments For small business owners and self-employed professionals, hiring independent contractors can be a flexible and cost-effective way to grow your business. However, managing contractor payments comes with its own set of...
Breaking Down the Costs of Poor Bookkeeping For small business owners and self-employed professionals, bookkeeping might not always feel like a top priority. However, neglecting this critical task can lead to significant financial and operational consequences....
Know About Financial Reports Matter for Small Businesses For small business owners and self-employed professionals, keeping a finger on the pulse of financial health is critical to long-term success. Why regular financial reports matter for small businesses becomes...
Organize Your Financial Books for Tax Season As tax season approaches, small business owners and self-employed professionals often find themselves scrambling to organize their finances. How to prepare your books for tax season ahead of time not only makes the filing...
