How Freelancers Can Simplify Bookkeeping & Never Miss a Tax Deduction
Freelancers are masters of multitasking. One day it’s juggling multiple clients, the next it’s chasing invoices, all while keeping projects moving forward. But there’s one area that often gets pushed […]
How Much to Set Aside for 1099 Taxes (Real Numbers)
A practical guide to how much to set aside for 1099 taxes: why 25-30% of net income is the usual rule, plus a worked example, quarterly deadlines, and deductions.
What is the 1099 Tax Rate?
What is the 1099 Tax Rate? One of the first questions I hear from freelancers, side hustlers, and small business owners is: “So what’s the 1099 tax rate?” And here’s […]
Printable Tax Form for 1099 Contractors
Printable Tax Form for 1099 Contractors If you’ve ever Googled “printable 1099 tax forms” right before January 31, you’re not alone. Every year, I see small business owners scrambling to […]
1099 Tax Form (All You Need to Know)
If you’re self-employed, a freelancer, gig worker, or just picking up some side hustle income, chances are you’ve already seen a 1099 tax form in the mail (or email). And […]
How to Plan for Quarterly Taxes (Without Getting a Surprise Bill)
Freelancers and self-employed workers enjoy the flexibility of being their own boss, but one major challenge they face is handling taxes. Unlike traditional employees who have taxes withheld from their […]
Differences Between 1098 and 1099
A lot of taxpayers confuse the 1098 and the 1099 forms just because the numbers look so similar. I’ve had so many clients ask me what’s the difference between the […]
1099-K vs 1099-NEC: Top Differences
One of the most common questions I get as a CPA is what’s the difference between a 1099-K and a 1099-NEC? A lot of freelancers and small business owners don’t […]
1040 vs 1099: What is the Difference?
Now, when it comes to tax forms, I don’t expect a regular person to know what all the tax forms are. That’s why there are professionals like myself, as a […]
5498-SA vs 1099-SA: What’s the Difference?
When it comes to HSAs, I’ve seen a lot of people get confused between 5498-SA and 1099-SA. The numbers sound almost the same, so people think they’re interchangeable, but they’re […]