Category: Featured

The One Big Beautiful Act of 2025 introduces a significant tax change for individuals who receive tips. Section 70201 created a deduction that makes a large portion of the earned tips effectively tax-free.  Qualified Tips Up to $25,000 Can be Deducted  Starting with the tax year 2025, individuals can deduct up to $25,000 per year… Continue reading No Tax on Tips! Section 70201 of the One Big Beautiful Act of 2025 Explained 

Conference and convention costs deductible rules are important for any 1099 contractors looking to reduce taxable income within the framework of IRS regulations.  This blog explains when conference expenses qualify as a business deduction, what the IRS considers “ordinary and necessary,” and how to properly document these costs. In most instances, conference and convention expenses can be deducted; however, they must… Continue reading Conference and Convention Costs Deductible: What 1099 Contractors Need to Know

In general, self-employed residents of the state of California (CA) or non-residents that receive income from a source in CA of at least $500 ($250 if married/RDP filing separately) in a year are required to make quarterly estimated CA state taxes.  California Quarterly Estimated Tax Deadlines   The due dates for California state estimated tax payments… Continue reading How to Pay California State Estimated Taxes: A Guide for Self-Employed Individuals  

When you pay yourselves through self-employment—as independent contractors, locum tenens, CRNAs, freelancers, gig workers, or small business owners, you carry the responsibility of managing your tax obligations regardless of whether you opted to run your trade under sole proprietorship, limited liability company (LLC), or S Corporation.   While taxpayers focus on their federal responsibilities, state taxes… Continue reading How to Pay State Taxes: A Guide for Self-Employed Individuals 

Paying estimated tax is a proactive way to stay ahead of your taxes, especially if you’re self-employed—independent contractors, locum tenens, CRNAs, freelancers, gig workers, and small business owners. Since no one withholds taxes from your income, it is your responsibility to make estimated tax payments in quarterly periods throughout the year. Doing so helps you… Continue reading How to Pay Federal Estimated Taxes via IRS Direct Pay (Bank Account) 

Federal income taxes are paid either through paycheck withholding or estimated tax payments. If you end up paying more taxes than what you owed, the IRS returns to you the extra amount back in the form of a tax refund.  If you’ve already filed your return and expect a refund, here are some helpful things… Continue reading What to Expect When Expecting an IRS Refund 

Receiving a letter from the Internal Revenue Service (IRS) can be unsettling, especially if you don’t know why you got one or what to do next. However, getting IRS notices doesn’t automatically mean problem, many IRS notices can be addressed quickly if you understand their purpose.   Why the IRS Sends Notices or Letters  The IRS… Continue reading IRS Notices: What to Do When You Get One 

Tax time can get overwhelming, especially if you’re a self-employed individual trying to figure out how your business fits into the tax system. But good news to all self-employed individuals—such as independent contractors, locum tenens, CRNAs, freelancers, gig workers, and small business owners—filing and paying taxes is easier and simpler than you think once you… Continue reading Pass-Through Entities: Who Actually Pays the Taxes? 

S-corp vehicle deduction rules are essential for 1099 contractors who want to reduce taxable income while staying compliant with IRS requirements.  If you use your personal vehicle for business, the way you deduct that cost matters. Many S-Corp owners assume they can write it off personally, but that usually is not the correct approach. Instead, the business generally needs to reimburse the owner properly. In this guide, you will learn… Continue reading S-Corp Vehicle Deduction: How 1099 Contractors Deduct Business Use of Vehicles in 2026 

S-corp health insurance deduction rules are essential for 1099 contractors who want to reduce taxable income while staying compliant with IRS requirements. For S-Corp owners, this deduction does not work like a normal business expense. The S-Corp must handle the premium correctly, and the amount usually must appear in the shareholder’s W-2 before the owner can deduct it… Continue reading S Corp Owners: What to Know About Health Insurance Deduction