Understanding the 1031 Exchange Timeline and Rules
A 1031 exchange timeline is worth investigating and enduring the hassle of abiding by. Here's why... When you sell an investment property at a profit, you typically have to pay…
Solo 401k vs SEP IRA: Best Retirement Plan for Self-Employed
Self-employment can offer an excellent work-life balance, as well as other freedoms and lifestyle benefits! Hahaha...wasn't that funny. Seriously though, self-employment will likely be the cause of you working 80…
How to Set Up A CA EDD Employer Tax ID Number
If you're planning to run payroll in California, even just to pay yourself through your S-Corp, you’ll need a CA Employer Account Number from the Employment Development Department (EDD). It’s…
Easy-to-Follow Gusto Setup Walk-Through Updated for 2024
If you're running an S-Corp and paying yourself a salary, payroll isn’t optional, it’s required. Gusto makes it simple, especially for solo owners who want to stay compliant, minimize admin,…
10 Tax Return Company Options for Doing Your Taxes…Yourself!
Am I the only one who gets excited about filing taxes? OK, I don't get excited about it either. Sorry. Most people only think about doing their taxes with an…
7 Awesome Personal Finance Books That Will Increase Your Wealth (and Improve Your Life)
Almost 37% of Americans making under $50,000 a year, and another 18% earning between $50,000 and $74,000, don't have enough savings for emergencies. That's bad! If your money situation also…
The Evolution of Cash App Taxes: From Credit Karma To Filing Savior
The Evolution of Cash App Taxes: From Credit Karma To Filing Savior was written by Amaka Chukwuma and originally appeared on Wealth of Geeks. She is a freelance content writer with…
Self-Employed Tax Deductions: The Basics About 10 Essential Ones
Self-Employed Tax Deductions: The Basics About 10 Essential Ones was written by Prakash Kolli and originally appeared on Wealth of Geeks. Prakash Kolli is the founder of the Dividend Power…
20 Tax Memes That’ll Make You Laugh But Also Probably Cry
If you're supposed to be doing your taxes right now, I've got some bad news for you: reading a list of tax memes isn't technically doing your taxes. Or anything…
10 Bad Money Habits That Are Keeping You Broke
We all have habits that we fall into, but some of these habits can be harmful to our finances. In fact, certain bad money habits can even make us go…
The Inheritance Tax: Making Death and Taxes a Little Less Certain
The Inheritance Tax: Making Death and Taxes a Little Less Certain was written by Sam Stone and originally appeared on Wealth of Geeks. Sam is the creator of the personal…
Property Taxes: What They Are and How To Assess What You’ll Pay
Property Taxes: What They Are and How To Assess What You’ll Pay was written by JayDee Vykoukal and originally appeared on Wealth of Geeks. JayDee is a mom, writer, and…
W2 vs 1099 Pros and Cons: What are the Differences for Employers
In the past, the most common type of work was 9-5 work, where employees would work a set schedule for big corporations. With the explosion of the gig worker economy…
W2, W4, W9, 1099 Tax Forms: What’s the Difference? (And Which One Do You Need?)
Tax forms aren’t just paperwork, they’re levers. If you’re earning $100k or more and trying to optimize your income, save on taxes, or reach financial independence faster, you need to…
H&R Block vs TurboTax vs an Accountant: 3 Easy Ways to Do Your Taxes
You've tried both H&R Block and TurboTax, and you're still scratching your head. Why? Choosing between tax softwares shouldn't feel like decoding the tax code itself. Imagine spending hours preparing…
Make These Year-End Tax Moves To Reduce Your Taxes
In the grand scheme of things, minor actions can significantly impact your finances and tax situation. To avoid a penalty, you must file your 2022 taxes by April 18th, 2023.…
21 Tax Deductions Small Businesses Need to Know
Did you know you can reduce your liability at tax time by using standard business tax deductions? Tax deductions help small business owners reduce the cost of running their enterprise.…
12 Tax Deductions For Your Small Business
Entrepreneurs have experienced the most intense pangs of rising inflation in thirty years, as evidenced by the surging cost of doing business. According to a Business.org proprietary survey conducted via…
What Happens if You File Taxes Late? Here is the Good News and Bad
What Happens if You File Taxes Late? was written by Riley Adams, and originally appeared on Your Money Geek. It has been republished with permission. Just do it already. Reset…
How to Do Taxes on Your Own: Your Complete Guide
How to Do Taxes on Your Own was written by Riley Adams and originally appeared on Your Money Geek. It has been republished with permission. If you earn a steady…
What Is a Self-Directed IRA Real Estate Investment (and Should You Do It)?
Why would you buy real estate in your IRA? The biggest benefit of a self-directed IRA real estate investment is the awesome opportunity for your money to grow...tax-deferred! Be it…
What Is a Self-Directed 401k?
Will you have enough money in retirement? The Bureau of Labor Statistics found that only 43% of United States workers participate in a retirement savings plan. This survey was actually specific…
How to Pay Less Taxes: 7 Basic Tax Planning Strategies
To hear some folks tell it, low taxes are basically the Holy Grail of personal finance. Those folks just might be right! Over the course of several years, a few…
Create Your Corporation (with Scorp Election) Quickly And Easily with IncFile
If you’re self-employed and earning $80K or more, switching to an S-Corp could save you thousands in taxes. And if you want to form your corporation without the legal maze…
The 4 Best LLC Formation and Incorporation Services
IncFile vs Legalzoom vs BizFilings vs Zen Business To choose the right LLC formation and incorporation service for you, you need to cut through the clutter of info out there.…