Taxes

3 Simple Tax Tips for Self-Employed People

April 21, 2020 by John Schmoll

I used to enjoy doing our taxes. I know, I’m a dork, but I genuinely liked sitting down at the end of the year to see how everything shook out for the previous 12 months. We didn’t have anything too extravagant going on so it was fairly straightforward.

That all changed once my wife and I stopped working for our employers and went to work for ourselves. Taxes became even more complex when we saw our business take off. I know there is some debate as to whether or not you should pay someone to do your taxes, but for us, it made sense to go that route. That, however, does not let us off the hook in terms of tax preparation. With that in mind, I thought I’d share some of my tax tips to help out if you’re self-employed.

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Complete Beginner Guide to Taxes

April 16, 2020 by Eric Rosenberg

Death and taxes. These are the only two guarantees in life, so they say. But when all said and done, virtually every American will have to deal with taxes at one point or another. Whether you have a full-time job, part-time job, are self-employed, or fall somewhere in between, you are responsible for filing taxes every year. Whether you are getting ready for taxes right now or just want to do a little extra planning, follow this guide for a primer on everything you need to know about taxes.

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Why I Started Doing My Own Taxes

April 7, 2016 by Eric Rosenberg

When I was sixteen, I got a part-time job as a cashier at Target to pay for my car insurance and gas. I was lucky enough to have been given an old 1987 Plymouth Horizon by my parents, but if I wanted to drive it, I had to cover the costs. That year, I earned $2,364 and had to file my taxes for the first time.

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Can I Write it Off – A Practical Guide to Deducting Small Business Expenses

December 8, 2014 by Eric Rosenberg

As a small business owner with a growing income, you can take advantage of one of the greatest parts of being an American – writing off expenses to lower your tax bill! I save thousands of dollars each year by knowing the rules of what I can write off, and if you are missing out, you could be giving away far too much of your hard earned cash!

Preparing for Your First Joint Tax Return

October 20, 2014 by Eric Rosenberg

So for those of you who missed the memo, I’m married now. While I can hear the hearts of single women around the world breaking as these words are read, I have something else churning in my mind. I have to change how I file my taxes. This whole married money thing has been going well so far, but I’ve never thought about joint taxes before getting married, and I’ve learned a ton about the implications of tying the knot.

How to Fill Out Your Tax Forms on Your First Day of Work

September 1, 2014 by Eric Rosenberg

I remember every first day of work I’ve ever had. That feeling of nervousness and excitement. Knowing that I have a great opportunity in front of me and an opportunity to prove myself for future promotions and career growth. New passwords and logins. Meeting new people. And, oh yeah, paperwork.