End of Year Retirement Tips for Employees and the Self-Employed

Contributing to your retirement account is one of the best ways to reduce your taxable income and increase your potential tax refund. While some retirement accounts have year-end deadlines for contributions and required distributions, others give you extra time to make deposits that will count toward tax year 2020. Check…Read More

What the Self-Employed Tax Deferral Means

Regardless of one’s current employment situation, it’s no secret that 2020 has put the vast majority of Americans through the wringer in one way or another. Some of those hit the hardest include self-employed individuals such as freelancers, independent contractors, and small- to medium-business owners. The CARES Act and self-employment…Read More

Moving from Employee to Self-Employed? Here’s What it Means to Your Taxes

Whether your hobby became your main business or you began working a side hustle to supplement your income, starting your own self-employed business can be an exciting time. It can also be an uncertain time as you try to navigate an area of your business that you probably didn’t spend…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 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