Self-Employed? Here’s What You Need to Know About SEP IRAs
If you are self-employed, and looking for one of the most generous retirement plans possible, you need to consider a SEP IRA. This type of plan is best for self-employed individuals or small business owners with no employees. At its core, it’s an IRA, but it allows for much larger…Read More
TurboTax Launches #Unidos4LatinoBiz Sweepstakes to Support Latino-Owned Businesses
Is there a Latino-owned small business whose services you appreciate but who has recently experienced hardship, or a self-employed individual in your community who has gone out of their way to help those in need? To help you support and show some love for your favorite Latino-owned businesses during Hispanic…Read More
TurboTax Kicks Off its 2020 Hispanic Heritage Month Celebration
Hispanic Heritage Month is here! TurboTax is thrilled to join the celebration by highlighting and recognizing the contributions of Hispanics within our own local communities. During September 15th to October 18th, TurboTax is seeking to financially empower Latino self-employed and small businesses impacted by COVID-19 through a partnership with the…Read More
Hispanic Heritage Month: Latino Self-Employed and Small Business Owners’ Spotlight
In honor of Hispanic Heritage Month, we are partnering with Hispanic Chamber of e-commerce (HISCEC) to financially empower HISCEC members, Latino self-employed and small businesses during COVID-19. This year has been challenging for everyone and especially for small businesses that have been heavily impacted by COVID-19. The Latino community, in…Read More
Recent Changes to the Paycheck Protection Program
On March 27, 2020, the U.S. Congress passed the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act in order to provide fast, direct financial assistance for American families, small businesses and workers affected by the COVID-19 pandemic. The main stimulus program for small businesses found in the CARES…Read More
New! Tax Credit Estimator Educates Self-Employed Individuals on How to Calculate Credits Related to COVID-19
What Are the New COVID-19 Self-Employed Tax Credits and How Do I Qualify? Whether you are an individual taxpayer, or you own your own business, COVID-19 has affected most people in one way or another. We know times have been rough and you may have already heard about various coronavirus…Read More
Self-Employed? Don’t Forget About the Estimated Tax Deadline
If you’ve taken the plunge into self-employment, congrats on being your own boss! Whether you’re working as a contractor or making money in the fast-growing sharing economy, don’t forget you may need to pay quarterly estimated taxes. The first and second quarterly estimated tax payment deadlines for the 2020 tax…Read More
TurboTax Launches Self-Employed Coronavirus Relief Center
We know these are challenging times — as a result of the COVID-19 pandemic, many self-employed and small business owners have lost their livelihood and experienced extreme economic hardships due to coronavirus (COVID-19). A new report by the Freelancers Union reports that over 76 percent of freelancers have lost work…Read More
TurboTax and Square Come Together for a Week of Virtual Education and Workshops
Square and TurboTax are teaming up for a week of programming to help you get your tax documents in order before the new July 15 deadline. TurboTax is the definitive leader in tax prep and small business solutions, with live experts on-demand available all year. Together, TurboTax and Square will…Read More
Snap A Pic of These Tax Deductions Photographers Can Take
One of the most lucrative side hustle businesses to start is a photography business. With the right amount of training and equipment, anyone can be a photographer. There are no licensing rules and few relevant certifications — it basically comes down to having the ability to work hard, take great…Read More
5 Tax Implications and Tips if You Flip Things for Profit
“Flip houses and make big bucks” scream the headlines. The premise is simple – buy real estate with little down, fix it up, and sell it quickly. What could be easier? Well, easy or not, one thing the promoters rarely tell you is that you’ll pay taxes on any profit…Read More