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There are a lot of benefits that come with a role as an independent contractor. You can often make your own hours and decide which projects you take on and which you turn down. This ability to be your own boss, to not have an employer, comes with a high level of...
As an independent contractor and business owner, you often freelance with new clients. You expect those clients that hire you to send you a 1099 so that you can complete your taxes on time. Unfortunately, some companies and individuals don’t remember to fill out those...
Filing your taxes is a basic responsibility as a working adult. At the end of every tax year, you have to file a final tax return that settles your tax responsibility for the preceding year. By calculating the total amount of taxes you paid and the amount of money you...
Whether you are new to the contractor scene or you have made this your way of life for years, tax season can confound and overwhelm every year. For most contractors, combing through piles of tax forms to determine which one you are required to fill out is the hardest...
Anyone who makes or receives a payment during the calendar year as a small business or self-employed individual must likely file an information return, such as 1099, with the IRS. Taxpayers are not required to file information return(s) if either of the...