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Income Taxes

2 tax benefits self-employed professionals should know about

Undoubtedly the two biggest benefits of having an employer are health insurance and retirement plans, right? Wrong. Both of these pricey items are covered when…


Temporary employee and independent contractor tax issues

How do temp employees file their taxes, and how do you know when you are an independent contractor?   The economy might be improving, but…


How to estimate where you stand on income tax withholding

You do not want to use the IRS like a bank account. Believe me, the money withheld from your paycheck would be better spent elsewhere…


Why is my SECA Tax more than my friend’s FICA Tax?

What is SECA, why I pay more for Social Security, and how is that even fair   You may have noticed the remarkably high self-employment…


How does the Federal Insurance Contributions Act (FICA) affect my taxes?

Calculate your FICA bill and understand what you are paying for You may have noticed a bigger bite out of your paycheck since January, 2013.…


LLC Tax Extension

If you don’t think that you’ll be able to prepare your business tax return and gather the necessary documents on time, consider requesting a tax…


Filing a tax extension for your business online

It happens to the best of business owners. One day, you’re rocking along on your taxes … and suddenly your receipts are missing or your…


Do I need my babysitter’s Social Security number?

Mary Poppins might play hard ball if you ask for her social. Here's a spoonful of tax advice to help you get her on the…