Quarterly Estimated Taxes Series
A 8-part guide
This 8-part series provides comprehensive coverage of Quarterly Estimated Taxes. Topics include Quarterly Estimated Taxes, Sep Ira Solo 401k Simple, Home Office Deduction, Vehicle Expenses, Hobby Loss Rules, Self Employment Tax, Health Insurance Deduction, Hiring Your Child.
Articles in this series
Quarterly Estimated Taxes
Quarterly Estimated Taxes: The Underpayment Penalty ==================================================== The first time most new freelancers and self-employed workers learn about estimated taxes...
Sep Ira Solo 401k Simple
SEP IRA vs. Solo 401(k) vs. SIMPLE: Choosing Your Retirement Account ===================================================================== Self-employed workers and small business owners without...
Home Office Deduction
Home Office Deduction: Direct vs. Simplified Method ==================================================== The home office deduction is one of the most frequently available and most poorly...
Vehicle Expenses
Vehicle Expenses: Mileage vs. Actual Cost ========================================== A vehicle used for business—driving to client meetings, making deliveries, visiting job sites, transporting...
Hobby Loss Rules
The "Side Hustle as a Loss" Trap: Hobby Loss Rules =================================================== Running a side business that consistently loses money sounds counterintuitive as a financial...
Self Employment Tax
Self-Employment Tax: The 15.3% Surprise ======================================== Most people who leave W-2 employment to freelance or start a business know they'll owe income tax on their...
Health Insurance Deduction
Health Insurance Deduction for Solopreneurs ============================================ For self-employed workers without access to employer-sponsored health insurance, individual health coverage...
Hiring Your Child
Hiring Your Child: Legal Tax-Saving Scenario ============================================ A family-owned business paying a child for legitimate work is a straightforward and long-standing tax...