Tax questions
Entity choice, self-employment tax, home office, vehicles, gig income, and keeping the IRS happy.
One-minute answer
Small business & self-employed
Dr. Friday, the renowned president of Dr. Friday's Tax and Financial firm, delves into the tax implications for young entrepreneurs, particularly focusing on newspaper carriers. A listener inquires…
ListenWelcome to this episode of the Dr. Friday Radio Show! Join tax expert Dr. Friday as she navigates through: Introduction & Upcoming Tax Season: Dr. Friday's role as…
#IRS Debt Resolution#Capital Gains Taxes#Inherited Property Basis#Tax Refund Deadlines
ListenWelcome to another episode of the Dr. Friday Radio Show! In this episode, tax expert Dr. Friday answers callers' tax questions and covers the following topics: The Importance…
#IRS Debt Resolution#Estimated Tax Payments#Qualified Charitable Distributions#W-4 Withholding
ListenAnd today, March 15th is a big day for business owners, 1065, 1120-S. If you are an individual that files a return on those forms, you need to…
ListenSub S corporations, you need to listen up. If you're operating under a small business corporation and you are not paying payroll, you are probably going to look…
ListenBusiness owners, remember, we still have what's called a section 179 deduction of property that has been placed in service in that year. That is important. That means…
ListenAnd this is a heads-up to business owners. Remember, now that we're past the end of the year, you have annual reports and business licenses that I can't…
ListenAnd this is a reminder for many of you that maybe you had a big event in which you sold something that's caused a large amount of taxes…
ListenMisclassified workers remain a priority for the IRS. They now have their own division within the IRS trying to identify misclassified isn't is firms are trying to circumvent…
ListenOne-minute answer
Bookkeeping & payroll
Employee or independent contractor. That seems to be a million-dollar question. The state, the federal, the IRS, and almost every agency is now looking into this question. The…
ListenAgain for my entrepreneurs, remember that health insurance premiums for the self-employed are 100% deductible for your insurance premiums on an above-the-line deduction. Meaning, guys, it's going to…
ListenWe all know that the tax law changed back in 2017 when they pretty much eliminated, starting in 2018, the 2106 or Expenses for Employees. But if you…
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