Thinking of forming an LLC? Learn the benefits, when it's worth the effort, and why some sole proprietors might be better off ...

Self-employed folks enjoy the benefit of being able to deduct almost any costs incurred while earning income from their ...

Starting a business? Don’t skip the legal steps! Avoid common pitfalls by handling taxes, licenses, and insurance right. Here are 5 must-know legal tips for success.

In Solopreneur, a panel on the right has options for the current form ... for sole proprietors, and we like that it mirrors ...

Simplified taxes With sole proprietorship ... You will need to complete Form B (or electronically file Form e-B (sole proprietor)) detailing your profits and losses. Compared to an incorporated entity ...

What are the tax filing differences between sole proprietorships and LLCs? A sole proprietorship reports taxes on the owner’s personal tax return via Schedule C of Form 1040. A single-member LLC does ...

Freelancers and independent contractors have to fill out Form W-9 for their employers and clients. Here's what to do and how ...

The CPA ERTC Express has launched claim assistance 1099 employees, sole proprietors and more who want to find out if they’re ...

For example, if you’re a sole proprietor who rents office space, but you file your tax return using your home address, enter your home address on Form W-9 so the IRS won’t have trouble ...

In 2021, the difference between what U.S. taxpayers owed the federal government and what they paid hit nearly $700 billion.

For tax purposes, the IRS views a sole proprietorship as inseparable from its business owner. In contrast, an S corp is a hybrid form of pass-through entity that allows its owners to pass through some ...