Tom Smery is a certified CPA for over a decade. In his free time, he writes articles to pass on his expert knowledge on taxes and accounting. Thomas has a wide range of deep knowledge on 1099 taxes, and finance topics. You can find him fishing when he is not preparing taxes for his clients or writing about accounting.
As a small business owner, understanding the various IRS-required forms for subcontractors is absolutely essential to remain compliant. This guide will let you know all about creating 1099 forms and what types of forms you may need..
As a self-employed professional, you need to know all of the various elements of a contract to be successful and protected. This ultimate guide will walk you through all you need to know.
Small business accounting is essential for financial security, organization, and success. Here are the top 10 forms that are essential for accountants to maintain.
Ready to optimize your accounting processes? It’s time to invest in the best accounting project management tools. Read on for our top recommendations.
Discover 30+ invoicing software options. Explore free invoicing software and choose the right invoicing app for your freelance or small business.
A common question asked by many business owners is: how many business bank accounts can you have? Well, technically, as many as you want. You just need to meet certain requirements. We'll discuss it in this article.
Should you open a business bank account? Why? Well, in this article, we'll go over the top reasons or benefits of having a business bank account. We'll show you how it can separate your business transactions, simplify your taxes, and help you better organize your funds.
Does a sole proprietor need a business checking account? Well, no. But in this article, we'll go over why it may be a good idea to have one. We'll review some of the benefits of having a separate account in case you get in trouble with the IRS.
This is a common question asked among freelancers and solopreneurs...at what point do I need an LLC? Well, in this article, we'll go over when you should create and LLC as well as the advantages/disadvantages of creating one.
If you are a sole proprietor who is looking to incorporate into an LLC, then read this guide. We'll go over all the steps you need to take in order to convert your solo business into a limited liability company.
If you need to file your freelance artist taxes, then read this guide on how to do it. We'll go over deductions you qualify for, quarterly taxes, the tax forms you'll receive and how much you'll owe.
Might receive a 1099-K this year? Well, we'll let you in on everything you'll need to know on how to file it. From reporting requirements to
If you are a startup looking for the best banking solution for your growing business, then tune into this article. We'll compare the banking options for your startup and the different features available.
If you are looking for a 1099 excel template with step-by-step instructions, read this article. An accountant will break down exactly how to fill out our 1099 template and give you tips as well as recommendations.
If you are looking for the best coach software on the market for your business, then read this. This review guide will go over the top rated 6 best softwares for you to use to simplify your coaching business.
If you are looking for the best States to open an LLC, then this article is for you. We'll break down the Delaware, Wyoming, Nevada and show you why opening an LLC in your home State may be the best option.
If you are looking for the best States to incorporate in, tune into this article. We'll weigh out the pros and cons of incorporating in the best "tax-friendly" States and all the benefits you could receive.
If you are a freelancer starting out, you may be worried about needing a business license. In this article, we'll go over all the details and answer the commonly asked questions about if you need a business license.
Freelancers have a ton of 1099 benefits. In this article, we'll break down all the perks you can receive as an independent contractor instead of a full-time employee.
If you are a self-employed business owner, then you'll probably need to file quarterly taxes throughout the year. Here's a guide from the Bonsai team about how to file quarterly taxes and avoid penalties.
Can you deduct car payments from your taxes? Yes. The team at Bonsai will walk you through exactly how to do that and let you in on all the rules set by the IRS when it comes to deducting car payments.
If you are a freelancer accepting payments on the third-party payment processor, you'll receive a Cash App 1099. Here's a guide with everything you'll need to know to file your 1099 taxes. Read about when you'll receive the form, quarterly taxes, deductions and more.
If you want to claim a home office deduction, you can choose between a few methods. Here's a breakdown of the IRS-approved home office simplified method to calculate your deduction amount.
If you are a Fiverr 1099 freelancer, listen up. You'll be responsible for handling all of your taxes this year. Don't worry because the team at Bonsai has your back. Follow our guide and your 1099 taxes will be a cinch.