6 min read
7 Surprising Advantages of Sole Proprietorship Every Freelancer Should Know
Sole proprietorship offers more advantages than just an easy setup. From privacy perks to profit retention strategies, this structure has surprising...
Enrolled Agent (EA) & Founder, Tax and Advisory Firm
Alex Zelaya is an Enrolled Agent (EA) and tax professional based in New York, focused on helping individuals and small businesses navigate tax planning and compliance with clarity and confidence. After working at national CPA firms, he now runs his own tax and advisory practice, emphasizing long-term client relationships and a straightforward, practical approach to the tax process. He earned a B.S. in Accounting from St. John’s University (Queens, NY) and holds the Enrolled Agent credential. His services include tax preparation and planning as well as support such as bookkeeping, payroll, and corporate taxes.
6 min read
Sole proprietorship offers more advantages than just an easy setup. From privacy perks to profit retention strategies, this structure has surprising...
4 min read
Solo business owners have more control over their income than traditional employees, but they also carry more responsibility when it comes to retirement....
4 min read
Freelancers face real business risks without a corporate safety net. Understanding your risk type, choosing the right insurance coverage, and setting up...
5 min read
Becoming self-employed takes more than a great idea; it requires planning, resilience, and the right systems. This guide breaks down common challenges,...
4 min read
Freelance and contract work both offer independence, but they differ in flexibility, income stability, and business setup. Understanding these differences...
5 min read
Missing the January 31 deadline for 1099-NEC forms triggers the 1099 late filing penalty, but filing immediately keeps you in the lowest tier. The real...
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The self-employed health insurance deduction lets you write off 100% of your premiums and lower your adjusted gross income. But the real savings come from...
7 min read
Short answer… Yes, an S Corp can own an LLC. While this is a rare situation for the solopreneur, it is possible, and understanding its implications can...
6 min read
Navigating consulting taxes becomes manageable when you plan strategically. Set aside 30–35% of your net income, pay quarterly to avoid penalties, and...
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Reducing taxes on 1099 income means capturing every deductible expense, timing purchases strategically, and considering an S Corp election once you...
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Self-employment tax hits freelancers with a 15.3% charge on all net profits, often costing thousands more than W-2 employees pay for the same Social...
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A partnership tax return (Form 1065) sounds complicated, but most solopreneurs don't actually need to file one. Single-member LLCs report income directly...
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Getting a Washington business license is straightforward and takes about 30 minutes online. Most freelancers earning over $12,000 need one, but the real...
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A single-member LLC protects your personal assets while opening the door to serious tax savings. Once your business income reaches around $80,000,...
6 min read
Sole proprietorship taxes mean handling quarterly payments, self-employment tax, and deductions entirely on your own. Most solopreneurs learn through...