For independent contractors, tax deductions represent a major way to save on your taxes. Due to self-employment taxes, your tax bill can often come as quite a sticker shock, but ensuring you utilize the right deductions for your business, you can reduce that tax...
Digital payment platforms have become a common substitute for cash transactions. Now, when you owe your roommate money for rent and or need to repay your friend for lunch, a simple Venmo or PayPal transaction can settle the debt instantly. But as these platforms have...
Almost every year brings with it a few tax law changes; it’s one of the things that makes tax law so complicated, and can make it so difficult to file your taxes on your own. While there were certainly plenty of changes for this tax year, here are the major highlights...
Everything seems to have slowed down these days, thanks to labor shortages and supply chain issues, and the IRS is no exception to this. The IRS has been working with roughly the same number of employees since the 1970s, despite the number of taxpayers increasing...
Getting started as a government contractor can involve jumping through even more hoops than starting a new business. All government contractors are required to meet DCAA compliance standards, but understanding those regulations—much less actually meeting them—can take...
