Tax season can bring a mix of dread and confusion for many. With ever-changing tax laws and the intricate nature of financial systems, understanding the basics of taxation can feel like navigating a labyrinth. However, with a solid grasp of the fundamentals and strategic planning, managing your …
Taxes
Understanding Estimated Quarterly Taxes
As a self-employed individual or small business owner, staying on top of your taxes is essential to maintaining your financial stability and avoiding any unexpected surprises. One key aspect of managing your tax obligations is estimated quarterly taxes. In this article, we'll break down what …
1099s
What is the purpose of a 1099? The purpose of a 1099 is to capture the income businesses pay to contractors, individuals & other businesses, for services during the course of a calendar year. 1099s must be delivered to individuals who need one each year by January 31st. 1099-NEC is for …
