Resources

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Tax Savings & Strategies (3)

woman sitting at a desk

6 min read

How Consulting Taxes Really Work (And How to Keep More of Your Money)

Navigating consulting taxes becomes manageable when you plan strategically. Set aside 30–35% of your net income, pay quarterly to avoid penalties, and...

woman sitting outside on her laptop

5 min read

How to File taxes on 1099 income: A Step-by-Step Guide for Solopreneurs

Filing taxes on 1099 income boils down to three straightforward steps: reporting your income, calculating what you owe in self-employment tax, and staying...

A woman doing work in a cafe

5 min read

How to Reduce Taxes on 1099 Income and Keep More of What You Earn

Reducing taxes on 1099 income means capturing every deductible expense, timing purchases strategically, and considering an S Corp election once you...

Two freelancers enjoying a coffee together

6 min read

How to Reduce Self-Employment Tax: The S Corp Strategy That Saves You Thousands

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...

man sitting at desk working on paper work

5 min read

Partnership Tax Return: What Solopreneurs Need to Know

A partnership tax return (Form 1065) sounds complicated, but most solopreneurs don't actually need to file one. Single-member LLCs report income directly...

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....

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