Category: Taxes


Thoughts on growing a business, raising money, getting the word out,
and increasing profits. Plus, ZipBooks news!

  • What Is IRS Form 1099-Q?

    Posted 3 months ago in Taxes
    by Karin Hernandez

    If you’re paying for education expenses out of a tax-free education account for yourself or a dependent, then you’ll receive a 1099-Q form from your plan administrator at the end of the year. The 1099-Q details the distributions that you received from your qualified tuition program. As long as the distributions are spent on “qualified […]

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  • What Is a Schedule K-1 Form?

    Posted 4 months ago in TaxesSmall Business Tips
    by Jenny Rollins

    Taxes can get all kinds of complicated. You have to fill out a series of forms that you don’t understand and then the IRS penalizes you when it’s not done properly. There’s no reason to make things harder than they need to be. So, let’s break down the Schedule K-1 form together. Very basically, a […]

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  • How to Fill Out a Schedule C Tax Form

    Posted 4 months ago in Taxes
    by Karin Hernandez

    If this is your first year in business, you are about to experience filing taxes as a business owner. This can either be a complete pain or a piece of cake, depending on how savvy you are when it comes to taxes and deductions. When you’re a regular employee, you receive a W-2 form that […]

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  • Top 10 1099 Tax Deductions

    Posted 4 months ago in Taxes
    by Jenny Rollins

    Figuring out your tax liability for income reported on your 1099 forms can get pretty complicated. We’ll make sure you reduce your tax liability to the lowest level allowed by the IRS by walking you through some of the most common 1099 tax deductions. The tax rate for 1099 income is twice the rate of […]

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  • Estimated Quarterly Taxes: How to Calculate and File

    Posted 5 months ago in Taxes
    by Brad Hanks

    Disclaimer: This post only applies to estimated quarterly taxes for Federal income tax filing. Depending on where you live, you may have to file quarterly state taxes as well.   When you’re an employee, it’s normal to have money withheld from your paycheck for taxes, retirement funds and insurance. When you’re self-employed, or if you […]

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  • 8829 Instructions: Your Complete Guide to Using Form 8829 to Expense Your Home Office

    Posted 6 months ago in TaxesSmall Business Tips
    by Meg Sproul

    If you have recently become self-employed, chances are you’re pretty nervous about handling tax season as a single-person business. Fortunately, while self-employment makes taxes a little trickier, it can also offer a few perks, like the chance to deduct everyday business expenses from your taxable income. One business expense you may be forgetting that could […]

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  • It’s Not Too Late to Procrastinate Filing Your Taxes

    Posted 8 months ago in Taxes
    by Jenny Rollins

    So today’s the deadline for filing your taxes, but you’ve procrastinated filing your taxes this long, why stop now? With one form from the IRS, you can keep up your streak of “I’m going to get to that really soon” for another 6 months. Then sit back and enjoy that sweet, sweet procrastination. IRS makes […]

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  • S Corporations, Taxes, & You

    Posted 10 months ago in BookkeepingTaxes
    by Brad Hanks

    I put together a presentation on S corps for an Assembled 2017 breakout session and decided to turn it into a blog post. Maybe it’s just me, but I much prefer reading my information to watching it in video form where you are limited by the speed of the presenter. I’m going to walk you […]

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  • Tax Avoidance vs. Tax Evasion

    Posted 12 months ago in Taxes
    by Brad Hanks

    There’s an issue I wanted to address before tax season arrives. There’s a big difference between tax evasion and knowing tax regulations well enough to avoid paying unnecessary taxes. People who don’t know where the line is often try to be safe by staying as far away from tax evasion as possible and end up […]

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  • Small Businesses, Are You on Top of Your Quarterly Taxes?

    Posted 1 year ago in TaxesSmall Business Tips
    by Meg Sproul

    So you decided to quit your full time job to start your own business. Congratulations! That’s a big step. However, now you’re likely to have a new concern: how to pay taxes. After all, in the past someone probably automatically withheld your income tax for you. Don’t worry–it’s a fairly straightforward process. Now that you work for […]

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