by Michele Cagan | Mar 6, 2025 | Do Your Own Taxes
If you own your own business and you work from home, that can score you a very big tax break…as long as you can stand a little math and some extra paperwork. First, to be clear, you have to file a Schedule C as part of your tax return to take advantage of the home...
by Michele Cagan | Mar 6, 2025 | Do Your Own Taxes, Owning Your Own Business, Personal Finance
Note: This article was originally posted in 2017 but has been updated with more current information. Depreciation is the most confusing part of the full home office deduction, but it can substantially minimize your current tax bill. That’s because when you reduce...
by Michele Cagan | Feb 19, 2025 | Do Your Own Taxes, Owning Your Own Business, Single Mom CPA, Small Business, You Need to Know This
More and more people – especially single moms – are working multiple jobs or side gigs to make ends meet. But not all of those jobs come with a “normal” paycheck, the kind with taxes taken out. And that’s why you need to know about self-employment...
by Michele Cagan | Feb 15, 2025 | Do Your Own Taxes, Personal Finance
Ask anyone what their biggest expense is and they’ll probably tell you the same thing: mortgage payment or rent. They’re wrong. The biggest expense for almost all of us is something we hardly ever consider, but it chips away at our money more than anything else....
by Michele Cagan | Feb 15, 2025 | Do Your Own Taxes, Personal Finance, Retirement Planning
The minute you start taking money out of your retirement accounts, the tax meter starts running. But a simple strategy lets you maximize your money and minimize the tax bill…so your retirement savings will last longer. To get the most out of your retirement...
by Michele Cagan | Jan 30, 2025 | Do Your Own Taxes, Get Help When You Need It, Owning Your Own Business, Small Business
Does dealing with your business accounting make you nauseous? Do you avoid looking at your business numbers until you absolutely have to, like at tax time? If so, you could be undermining your company’s financial success. The solution: Take the stress out of dealing...
