Posts by Jackie Lam
Renting Out Your Home? Here Are Some Tax Rules
Renting out your home for part of the year can be a solid way to earn passive income during the summer months or for the busy tourist season. But before you do so, you’ll want to be aware of the tax rules, lest you get blindsided and end up paying more taxes than anticipated. Here […]
Business Tax Basics: What Every Business Owner Wish They Knew About LLC Taxes
Thinking about forming your small business as an LLC? If so, you’re probably curious about how doing so would affect your tax situation. And rightly so. While forming an LLC is a big, important step in protecting your personal assets when owning a business, it also adds extra considerations — and complications — on the […]
Tips to Balancing Your Personal vs. Business Finances
For solopreneurs or owners of microbusinesses — small businesses with nine or fewer employees — it can be difficult to manage both your personal and business finances. You might find it easier to mix them together, or some months you might find it difficult to remember which expenses were specifically for your business. And while […]
Important: S Corporation Filing Deadline and Extentions
If you’ve recently formed your small business as an LLC with an S Corpelection, congrats! You can now enjoy the tax benefits that come with having a pass-through business entity, along with the legal protection of your personal assets. If you have an S Corp, it’s important to note this year’s filing deadline for your tax […]
How to Save for Your Own Retirement When You’re Self-Employed
There are several options for funding your own retirement when you’re self-employed. Learn about the different possibilities here.
Federal Tax Brackets for 2018 and 2019
Learn the tax brackets and other important information for the 2018 and 2019 tax year.
Need a Physical Address for Your Business?
Here are a few reasons as to why you’d want to maintain an address other than your home for your small business, and how you can go about getting one.
How to Open a Business Bank Account for Your LLC
Insights on the Texas State Franchise Tax
The rewrite of the franchise or “margin” tax in Texas was intended to accomplish several things.
If You’re a Blogger, Do You Need to Form a Business?
Want a blog that makes money, but not sure how to start it? Here are a few different ways to turn a blog into a business.
