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Four Ways Freelancers and Gig Workers Can Trim Their Tax Bills

December 2, 2021 by Maurie West

Four Ways Freelancers and Gig Workers Can Trim Their Tax Bills

It is hard to beat the freedom and flexibility of freelancing and gig work. When you work for yourself, you can set your own hours, turn your home into an office and even ditch the daily commute. All that is great, but there is one thing about freelancing that is much less pleasant. Compared to […]

Filed Under: General Tax, QuickBooks, Tax Resolution Tagged With: Business, IRS, Payroll, QuickBooks, Tax, Tax Problems, Tax Season

Are You Tracking Absolutely All of Your Tax-Related Business Expenses?

October 22, 2021 by Maurie West

Not sure what expenses to track or what you can deduct for your new business? If you’re self-employed, understanding what’s deductible and recording all of your business expenses should be priorities. When you work for yourself, accurate accounting is critical. The IRS pays special attention to tax returns prepared by sole proprietors. Not only does […]

Filed Under: General Tax, Real Estate Tagged With: Business, IRS, Payroll, QuickBooks, quickbooksonline, Real Estate, Tax, Tax Problems, Tax Season, Taxes

Avoiding Capital Gains Taxes with a 1031 Exchange

July 28, 2021 by Maurie West

Savvy investors can build wealth by deferring capital gains taxes via a 1031 exchange. Learn how it works and how it can help you as a real estate investor. For the in-depth information required to execute a 1031 exchange, a qualified intermediary is necessary. What is a 1031 Exchange? A 1031 exchange allows real estate […]

Filed Under: General Tax, Real Estate Tagged With: Business, IRS, IRS Problems, QuickBooks, Real Estate, Tax, Tax Problems, Taxes

Recordkeeping Tips for Freelancers and Gig Workers So You Can Avoid Getting in Tax Trouble

June 3, 2021 by Maurie West

Recordkeeping Tips for Freelancers and Gig Workers So You Can Avoid Getting in Tax Trouble If you are working as a freelancer or gig worker, you are certainly not alone. Millions of men and women are earning extra income driving for ride sharing services, designing websites for online entrepreneurs and writing for local businesses. Some […]

Filed Under: General Tax, QuickBooks, Tax Resolution Tagged With: Business, IRS, irsproblems, QuickBooks, quickbooksonline, Tax Problems, Tax Season, Taxes

How to Create Recurring Transactions in QuickBooks Online

January 20, 2021 by Maurie West

How to Create Recurring Transactions in QuickBooks Online

QuickBooks Online saves time and improves accounting accuracy in numerous ways. One example is its support for recurring transactions. It’s easy to get distracted when you’re doing dull, repetitive accounting work. That distraction leads to errors sometimes. So, besides the time you’re spending on work that could be automated, you have to tack on additional […]

Filed Under: General Tax, QuickBooks Tagged With: qbo, QuickBooks, quickbooksonline, Tax, Taxes

How to Use Rules in QuickBooks Online Transactions

August 21, 2020 by Maurie West

How to Use Rules in QuickBooks Online Transactions

Maintaining your transaction registers conscientiously leads to a clearer understanding of your finances. Last month, we talked about the types of best practices that can lead to more effective use of QuickBooks Online and, ultimately, more thorough knowledge of your finances. The first one was this: Go through your new transactions every day. Categorizing and […]

Filed Under: QuickBooks Tagged With: QuickBooks

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