5 min read
What Is Modified Adjusted Gross Income? Unlocking Tax Savings for Solopreneurs
Modified adjusted gross income (MAGI) is the number the IRS actually uses to decide what tax breaks you qualify for, and it often works differently than...
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.
5 min read
Modified adjusted gross income (MAGI) is the number the IRS actually uses to decide what tax breaks you qualify for, and it often works differently than...
5 min read
Employee benefits for a small business don't have to break the bank or overwhelm your schedule. Even solo-led companies can offer practical perks that...
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Not all 1099 income types affect your tax bill the same way, and knowing the difference can save you real money. Routing the right income through your...
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AI for taxes works best when it keeps your bookkeeping organized year-round, so you can plan, pay, and file with less stress.
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Learn how to build a simple 8-13 week rolling cash flow forecast so you can make smarter growth decisions without relying on complicated spreadsheets.
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AI bookkeeping gives solopreneurs a smarter way to manage finances without the late-night spreadsheet sessions. Automation handles transaction...
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The best LLC formation service does more than file paperwork; it supports the full S Corp workflow, too. That means Form 2553, payroll, reasonable salary,...
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Becoming self-employed takes more than a great idea; it requires planning, resilience, and the right systems. This guide breaks down common challenges,...
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Piece-rate pay rewards output over hours, giving solopreneurs direct control over their earning potential. Whether you're a gig worker or an S Corp owner,...
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Learn what CPAs typically cost for solopreneurs, what actually drives those fees up or down, and how to decide whether DIY, a traditional CPA, or an...
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The underpayment penalty catches many solopreneurs off guard, even when they pay their full tax bill on time. Because the IRS requires taxes paid...
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Solo business owners can contribute 20% or more of their compensation to retirement by leveraging both employee deferrals and employer profit-sharing...
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An S Corp in California can save solopreneurs thousands annually once profits consistently hit the right threshold. By splitting income into salary and...
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Starting a business in Massachusetts gives solopreneurs freedom and flexibility, but your chosen structure directly affects your taxes, liability, and...
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Freelance graphic design offers more than flexible hours and creative freedom—it’s a path to professional independence. Whether you’re leaving an agency...