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...
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4 min read
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
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
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.
6 min read
Sole proprietorship taxes mean handling quarterly payments, self-employment tax, and deductions entirely on your own. Most solopreneurs learn through...
6 min read
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
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....
5 min read
Missing the March 15 S Corp deadline triggers automatic penalties of $245 per shareholder per month — potentially costing solo owners nearly $3,000....
11 min read
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 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...
7 min read
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...
5 min read
Automating S Corp deduction tracking helps solopreneurs save thousands yearly by catching every eligible write-off and keeping audit-ready records. With...
5 min read
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...
5 min read
Missing an S Corp tax deadline costs you more than just penalty fees; it means losing out on cash flow optimization, reinvestment opportunities, and...
9 min read
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...
8 min read
Ask any solopreneur what intimidated them most about self-employment (or has kept them from pursuing self-employment altogether) and the vast majority...