Home/Tag: #TaxTipTuesday

Save money, make better decisions, build wealth. We try to put out our ideas for planning ahead to save on our taxes on #TaxTipTuesday! Follow our hashtag on Social Media, watch our Go Lives, and Subscribe to our Newsletter to get your #TaxTipTuesday in your life

How often do you get ideas to make money or build wealth for free, no strings attached?

Contractors vs. Employees

By |2021-04-27T12:42:03-04:00July 29th, 2014|Categories: Deeper and Longer with Bette|Tags: , , , , |

When companies are hiring there is often a question of whether they are bringing on contractors or employees. Sometimes it is easy to figure out, like when you use an outsourcing company or a subcontractor. Other times it can be more difficult to determine, such as hiring a remote employee or a sales representative.

Is Your Business Just a Hobby?

By |2021-03-19T14:47:04-04:00July 22nd, 2014|Categories: Deeper and Longer with Bette|Tags: , , |

What's the difference between a hobby and a business?  According to the IRS, it is whether or not you are trying to make a profit.  If you are not trying to make a profit and just want to write off the cost of your hobby, then you are subject to the "hobby loss rules."

When You Need To File a 1099 For a Vendor Or Contractor

By |2021-03-19T14:45:39-04:00July 15th, 2014|Categories: Deeper and Longer with Bette|Tags: , |

I regularly get questions about whether or not to file 1099s.  They are often surprised that more vendors and contractors need 1099s than they think. The list goes well beyond a freelancer you hire or a subcontractor you use.

Copies of Tax Returns and Other Tax Information from the IRS

By |2021-03-19T14:23:19-04:00June 24th, 2014|Categories: Deeper and Longer with Bette|Tags: , , , , |

Can’t find your copy of an old tax return? Not sure that you received all your 1099s or other tax forms this year? You can get the information from the IRS by requesting transcripts or copies of tax returns.

Why To Track Mileage

By |2021-03-19T14:00:03-04:00May 27th, 2014|Categories: Deeper and Longer with Bette|Tags: , , , |

If you use your car for your business your CPA has probably told you to track your mileage. The reason is that there is two ways to calculate the auto-related costs for your car- actual expenses and standard mileage rate- and both rely on knowing the number of business miles you drove for the year.

What To Do When You Owe The IRS Money And You Can’t Pay It

By |2021-03-19T13:52:32-04:00May 6th, 2014|Categories: Deeper and Longer with Bette|Tags: , , |

Scenario- you filed your tax return, and it turns out you owe money—way more money than you thought.  And you can't afford to pay it all at once.  What do you do?

Load More Posts
Go to Top