5 min read
How Much Is the 1099 Late Filing Penalty? Your Guide to Saving Money
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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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...
6 min read
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...
4 min read
Electing S corporation status as a solopreneur carries extra administrative work, compliance complexity, and potential state-level tax limitations that...
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...
5 min read
Filing taxes on 1099 income boils down to three straightforward steps: reporting your income, calculating what you owe in self-employment tax, and staying...
5 min read
Consulting offers flexibility, autonomy, and strong income potential, but success requires preparation. This guide walks you through what consulting...
5 min read
Reducing taxes on 1099 income means capturing every deductible expense, timing purchases strategically, and considering an S Corp election once you...
6 min read
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...
8 min read
Learn how to launch a profitable consulting business in days using the right structure, pricing, and tax strategies from the start.
4 min read
This guide explains why a single-member LLC operating agreement matters in California, what it should include, and how it protects your liability. You’ll...
5 min read
A partnership tax return (Form 1065) sounds complicated, but most solopreneurs don't actually need to file one. Single-member LLCs report income directly...
7 min read
Go From “Scarcity Mindset” to Strategic Confidence Harlow Co-Founder Samantha Anderl on Overcoming the Emotional and Operational Drains of Solo Work...
3 min read
The Augusta Rule lets small business owners rent their home to their business for up to 14 days a year, creating a business deduction without taxable...
3 min read
Did you know that solopreneurs can access more flexible tax breaks than larger businesses? This is thanks to simpler ownership and fewer nondiscrimination...