Resources

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Tax Savings & Strategies

6 min read

Single-Member LLC Tax Benefits: How to Stop Leaving Money on the Table

A single-member LLC protects your personal assets while opening the door to serious tax savings. Once your business income reaches around $80,000,...

3 min read

Solopreneurs Should Do These 5 Things Before December 31st

This article was originally published in Accounting Today and written by Ran Harpaz, CEO of Lettuce, and Diane Kennedy, Head of Tax Education at Lettuce.

Women sorting through taxes with a cat

6 min read

Sole Proprietorship Taxes Explained: No More Guesswork

Sole proprietorship taxes mean handling quarterly payments, self-employment tax, and deductions entirely on your own. Most solopreneurs learn through...

man sitting at a desk with his laptop and papers

6 min read

The Smart Solopreneur’s Guide to Year-End Tax Moves: Deductions You Can’t Afford to Miss

December is your last chance to make year-end tax moves that could save thousands. Smart solopreneurs maximize retirement contributions, home office...

5 min read

How to Make a Fresh Financial Start: Solo's Guide to New Year Planning

While “new year, new finances” probably doesn’t top your list of new year mantras, it’s an undeniably helpful mindset to have as a solo business owner....

A man with dark hair wearing a white button-down shirt works on a laptop at an outdoor table overlooking a scenic mountain valley wit green hillsides, scattered buildings, and natural landscape in the background.

5 min read

S Corp Late Filing Penalty: What It Really Costs and How to Dodge It

Missing the March 15 S Corp deadline triggers automatic penalties of $245 per shareholder per month — potentially costing solo owners nearly $3,000....

Woman at a desk with her dog

11 min read

S Corp Taxes: The Solopreneur's Guide to Bigger Tax Savings

Switching to S Corp status is a game-changer for solopreneurs, and here's why: once your business profits surpass $80,000 annually, you're in a prime...

6 min read

Self-Employed Tax Brackets Explained: A Breakdown for Solopreneurs

Self-employed tax brackets work differently than W-2 employees face. You're hit with both federal income tax and a flat 15.3% self-employment tax on most...

A person with short dark hair wearing a cream-colored knit sweater smiles while working on a laptop at a wooden desk in a bright, plant-filled home office with large windows showing greenery outside.

7 min read

How to Calculate Adjusted Gross Income for Freelancers

Learning how to calculate adjusted gross income is essential for freelancers who want to lower their tax bill and unlock valuable credits. AGI is your...

a businessman and businesswoman shaking hand over a counter

5 min read

S Corp Tax Deductions List Made Simple: A Guide for Solopreneurs

Automating S Corp deduction tracking helps solopreneurs save thousands yearly by catching every eligible write-off and keeping audit-ready records. With...

Woman sat at a table in a cafe

5 min read

What Is a K-1 Form? The Friendly, No-Jargon Explanation

K-1 forms are a key part of managing taxes for solopreneurs running an S Corp or multi-member LLC taxed as an S Corp. Automation makes the process...

man sitting at sunny desk at home

5 min read

S Corp Tax Deadline: The Solopreneur's Guide to Staying Ahead and Saving More

Missing an S Corp tax deadline costs you more than just penalty fees; it means losing out on cash flow optimization, reinvestment opportunities, and...

A middle-aged man with gray hair and glasses wearing a beige button-down shirt writes notes at a home office desk while an orange tabby cat sits beside him, with bookshelves and windows visible in the background and a laptop nearby.

9 min read

Do S Corps Get 1099? Tax Insights for Solopreneurs

Do S Corps get 1099s? Generally, no. When you elect S Corp status, you shift from contractor to business owner. Your clients stop sending 1099-NECs, and...

woman smiling and sitting in front of her laptop

8 min read

S Corp Quarterly Taxes: Complete Guide for Filing

Ask any solopreneur what intimidated them most about self-employment (or has kept them from pursuing self-employment altogether) and the vast majority...

man sitting at a laptop in a sunny kitchen

5 min read

Can (or Should) My S Corp Make Investments?

This is a question we hear all the time from our Lettuce customers. Yes, an S Corp can technically make investments using its corporate funds, similar to...

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