GETHELP_TAXES

HBO's TV show Succession has become a compelling exploration of power dynamics, loyalty struggles, and the pursuit of legacy. As we delve into the captivating world of the Roys, we discover that this fictional portrayal offers more than just entertainment—it provides valuable insights that mirror the challenges faced by real-life self-employed individuals embarking on the journey of succession planning.

Tax season is just around the corner, which means you’re probably dreading tax prep right now. While there’s not much you can do for 2021 taxes, you can start practicing better habits throughout 2022 so you’re better prepared next year. Here are some of the best small business accounting practices to help make tax season simple.

If you are self-employed, you own your own business or you do gig work or freelance. You pay in taxes, but you do not have an employer who makes deductions from your paychecks. If you are self-employed and you are disabled because of a medical condition, you may qualify for disability benefits from the Social Security Administration (SSA). This is a rundown of how you can qualify for disability benefits if you are self-employed.

Question: I extended my tax return that is now due on October 15th. I just discovered that I left off some expenses from the previous year that I should have included. Can I include those amounts on this tax return or on next year’s tax return, or have I lost the benefit of those expenses?

At The National Association for the Self-Employed, we know that tax season can be a hassle for independent contractors, freelancers, and small business owners. You don’t usually have the resources to hire seasoned accountants, so you end up taking precious time out of your busy day to do it yourself. But never fear, NASE is here to guide you and your small business through the process with the essential knowledge you’ll need to navigate your 2018 Tax Year.

I hope 2018 was a great year for you and your business and that your expectations for 2019 are even better. Most of you haven’t even begun to think about taxes for 2018, but I wanted to start the year asking you to think about taxes for 2019. I know, I know, who cares about a tax return that isn’t due until April of 2020 but I will put my money where my mouth is. You may have heard me say that almost all tax savings ideas, the really good ones, end as the New Year comes in. Most great ideas have to be considered and implemented before the end of the year and before you actually start filling out any of those silly IRS tax forms. I want to help you save up to $5,000 in taxes for 2019 just by reading this idea and then saying, “Yes”!

As President Trump and congressional Republicans travel around the country touting the impact of the tax reform package enacted last year, the National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for the self-employed and micro-businesses, today released a new, national member survey gauging the impact the tax reform law is having on small business owners days after making their first 2018 quarterly tax estimate payments.

With just two-weeks until the tax filing deadline of April 17th, the National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for the self-employed and micro-businesses, released a list of seven last-minute tips for filing accurate returns and reducing tax liability.

The nasty secret of being a new entrepreneur is that your tax bill might be way higher than you'd imagine. When you're driving for Uber, delivering for Amazon, picking up freelance jobs or otherwise participating in the gig economy, you aren't working for a boss who is required to withhold taxes from a regular paycheck. As a result, you're subject to some fairly complex tax rules.

Listen to Keith Hall talk with Kevin Price about tax season, tax reform and the NASE on his radio show, the Price of Business.

Question: So...Exactly WHAT am I supposed to be doing with regard to the new tax law? Answer: First of all Happy New Year and welcome to 2018. It is gonna be a good year!!! Regardless of all other factors from this point forward, we will indeed have a new tax code for 2018. I am totally sure you have heard more than you would normally choose to hear about taxes and will undoubtedly continue to hear more. Just in case, here is a summary of the biggest changes…

Qualifying for personal loans when you are self-employed can be very difficult, especially in today’s economic climate.

Q: I’m about to hire my first employee and I have a few questions. Am I required to provide health insurance? Can I provide a health insurance stipend and have that qualify as providing health insurance? What is a reasonable amount to provide as a health insurance stipend?

We operate a fast-growing tutoring business with more than 20 tutors. Although we are still small, we’ve decided to form an LLC. This is an exciting time in our business, and we want to make the best choices regarding structure and entity. Does the NASE offer a step-by-step guide to help small-business owners make these difficult and important decisions?

If you’re afraid you’ll be scavenging for pennies during your retirement years, you’re not alone.

When running a business, you need to understand how to run and track your money well before your business can commence, which areas of your business you can automate or outsource, and which experts you should consult for the guidance you need to help you do well.