Resources

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Tax Savings & Strategies

woman small business owner sits at desk with laptop

3 min read

How the Augusta Rule Works for Small Business Owners

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...

solopreneur speaking

3 min read

Tax Breaks Solopreneurs Get That Big Businesses Don’t

Did you know that solopreneurs can access more flexible tax breaks than larger businesses? This is thanks to simpler ownership and fewer nondiscrimination...

solopreneur talking on the phone

4 min read

Solopreneur Action Plan: Simple Tax Moves That Save You Money

A solid solopreneur action plan starts with structure, not just income. Many solopreneurs watch their tax bills climb as they grow, not because they're...

woman smiling at her laptop

7 min read

Self-Employment Tax Deductions: Maximize Your Savings, Minimize Your Stress

Smart self-employment tax deductions can save solopreneurs thousands each year. From home office expenses and health insurance to retirement contributions...

solopreneur siting at a desk looking at financials

4 min read

What Solopreneurs Need to Know About the OBBB

Headlines around the OBBB can be misleading for solopreneurs, so the real focus should be on how IRS guidance and income definitions like AGI and MAGI...

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...

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