Resources

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Tax Savings & Strategies

A client and advisor doing taxes on a laptop together

6 min read

The Underpayment Penalty Explained And How to Never Pay It Again

Reviewed by: Ran Harpaz The underpayment penalty catches many solopreneurs off guard, even when they pay their full tax bill on time. Because the IRS...

3 min read

I Had My Best Month Ever… So Why Am I Stressed About Taxes?

Reviewed by: Ran Harpaz A record freelance income month can feel exciting and stressful at the same time. The real issue usually is not taxes themselves,...

example freelancer adjust gross income (AGI) calculation

7 min read

How to Calculate Adjusted Gross Income for Freelancers

Reviewed by: Ran Harpaz Learning how to calculate adjusted gross income is essential for freelancers who want to lower their tax bill and unlock valuable...

Clients in a meeting, completing paperwork

5 min read

What Is FUTA and Why Does It Matter for S Corp Owners?

Reviewed by: Mark Rose What is FUTA? It's a federal unemployment tax that S Corp owners pay on wages, typically costing a maximum of $42 per employee...

4 min read

5 Expert Strategies for Solopreneurs to Keep Cash Flow Healthy

Struggling with cash flow is one of the biggest challenges solopreneurs and businesses-of-one face. When money gets tight, it can feel overwhelming, but...

Woman reviewing financial data on a laptop at a home office desk with paperwork.

4 min read

12 Common Audit Red Flags Self Employed Taxpayers Miss

Freelancing on the side or full-time means taking charge of your taxes, and small mistakes can lead to big problems if they raise red flags with the IRS....

Man talking to a laptop

3 min read

Are Therapy Practice Expenses Tax Deductible?

Many therapy-related business expenses—like payment platforms, software, and HIPAA-compliant tools—are often tax-deductible if they meet IRS criteria....

Woman at desk in the middle of a conversation

3 min read

Telehealth From Home + Office Rental: How The Home Office Deduction Actually Works

Telehealth therapists can often claim a home office deduction if their space meets IRS rules. Even if you rent another office, both may qualify. The key...

Desk with laptop notes and so forth

3 min read

Tax Deductions Therapists Often Miss (And Why They Get Overlooked)

Many therapists miss valuable tax deductions because they don’t look like typical business expenses. From supervision to office ambiance, understanding...

man writing notes on notebook with laptop open

3 min read

Cell Phone Deduction Secrets for Self-Employed Professionals

If you’re freelancing on the side or exploring full-time independence, your phone is already doing double duty—handling client calls, email, scheduling,...

man and woman viewing laptop on couch

4 min read

Understanding Self-Employed Caregiver Tax Deductions

As a self-employed caregiver, you carry more than the weight of your work—you have the financial and administrative load too. If you offer in-home care,...

woman on a video call using laptop

4 min read

When Does The Self-Employed Computer Tax Deduction Apply

Buying a new computer is a big investment, especially if you’re building your freelance business or taking on more consulting projects. The good news: if...

4 min read

Should You Defer Quarterly Tax Payment When Self Employed?

If you’re working for yourself, you’ve probably heard the theory: “Don’t send money to the IRS too early—invest it instead and make it work for you.” But...

Content creator editing at a desk

4 min read

Multiple Platforms, One Tax Return: What Content Creators Need To Get Right

Content creators often earn from YouTube, TikTok, Shopify, sponsorships, and more—but the IRS sees one total income figure. Proper reconciliation, 1099...

A content creator working on a sofa

4 min read

Affiliate Income, Sponsorships, And Direct Sales: How Creators Should Report Multiple Revenue Streams

Creators often earn from multiple revenue streams, including affiliate income, sponsorships, and digital sales. Each stream has unique reporting rules,...

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