by Michele Cagan | Jul 4, 2023 | Owning Your Own Business
This post has been updated from the original post on starting a business, published in 2017. The links are all up to date and new information has been added. Congratulations! You’re starting a business, and I’m here to help you get things rolling. Getting started...
by Michele Cagan | May 27, 2021 | Owning Your Own Business, Small Business, You Need to Know This
This article contains affiliate links that may or may not result in compensation. You’re excited about launching a new business, and there’s so much to do! One of the most important steps involves figuring out whether your business will need it’s own tax ID number –...
by Michele Cagan | Apr 17, 2021 | Do Your Own Taxes, Owning Your Own Business, Single Mom CPA, You Need to Know This
Q: When are my taxes due? A: May 17, 2021 is the due date for individual tax returns – Form 1040 – and making 2020 income tax payments. But there are other due dates you may need to know too: April 15: 1st estimated tax payment for 2021 April 15: income...
by Michele Cagan | Apr 3, 2021 | Do Your Own Taxes, Owning Your Own Business, Single Mom CPA, You Need to Know This
Did you know that you can deduct 20% of your business income on your personal tax return? You can, thanks to the Tax Cut and Jobs Act (TCJA). The TCJA brought a lot of tax changes for small business owners. And if you’re self-employed, a freelancer, contractor,...
by Michele Cagan | Mar 3, 2021 | Do Your Own Taxes, Owning Your Own Business, Personal Finance, Single Mom CPA
If you’re self-employed, work as a freelancer or contractor, or have a side gig, you are a business. And that means you’ll need to fill out Schedule C as part of your federal income tax return. When you use Schedule C, you can deduct business expenses...
by Michele Cagan | Nov 27, 2020 | Owning Your Own Business, Single Mom CPA, You Need to Know This
If you’re ready to apply for PPP (Paycheck Protection Program) loan forgiveness, WAIT. As it stands right now, getting forgiveness for your loan could end up costing you more money in taxes. And unlike the super low-interest loan that can be paid back over time, the...
