Discover how much you should set aside for taxes as a 1099 contractor, which taxes you must pay, and how to calculate and file estimated quarterly taxes.

Discover what miscellaneous itemized deductions are, how itemized and standard deductions differ, and the impact of the Tax Cuts and Jobs Act on deductions.

Learn what beneficial ownership reporting is, who is considered a beneficial owner, and how to prepare and lodge a BOI report if required.

Discover if Florida taxes retirement income and whether Florida residents pay property, sales, capital gains, and estate taxes at the local and/or state levels.

Learn what the debt-to-equity ratio is, how to calculate and interpret the result, and how the D/E ratio can vary across different industries.

See how much you should set aside for taxes as a real estate agent, how your business type affects your taxes, and federal tax brackets for 2024.

Discover how much you can gift an employee tax-free, which gifts are taxable, and how their type, value, and frequency affect their taxability.

Learn the Cohan Rule for IRS audits, the origin of the rule, and how it can help you when being audited if you don’t have all of your receipts.

Learn the difference between above-the-line vs below-the-line deductions, common examples of each, and how they help you reduce your taxable income.

Discover the top 10 tax planning strategies for businesses, including strategic income management, bunching deductions, tax credits, and charitable giving.

Check out 14 of the main tax deductions for self-employed electricians, including equipment and supplies, vehicle expenses and mileage, licenses, and uniforms.

Learn what deferred revenue is, businesses that deal with deferred revenue, examples of deferred revenue, and why it’s considered a liability.

Discover the top mechanic tax deductions for self-employed auto repair mechanics, including software, tools, business vehicles, uniforms, and PPE.

Learn how to write off a car for business, different ways to deduct car expenses, how Section 179 applies to cars, and how personal car use affects deductions.

Learn how employee expense reimbursement is affected by the reimbursement plan you choose, and if or when expense reimbursement is subject to taxation.

Discover how to optimize your tax return with tax mileage deductions for work travel. Learn about standard mileage & actual expense methods with examples.

Learn how to write off work clothes and safety gear on your tax return. Discover if you're eligible, the IRS requirements, and practical examples.

Learn how to write off tools for work on your taxes. Discover who qualifies, the criteria for expense deductions & depreciation, and how to maximize tax benefits.

Learn the rules for claiming a child as a dependent and maximize your tax benefits, including qualifying children, relatives, and special circumstances.

Explore our comprehensive guide to tax deductions for small construction businesses, including construction materials, depreciation, travel expenses, & more.