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Tax Savings & Strategies (4)

man sitting at desk working on paper work

5 min read

Partnership Tax Return: What Solopreneurs Need to Know

Reviewed by: Mark Rose A partnership tax return (Form 1065) sounds complicated, but most solopreneurs don't actually need to file one. Single-member LLCs...

woman small business owner sits at desk with laptop

3 min read

How the Augusta Rule Works for Small Business Owners

Reviewed by: Ran Harpaz The Augusta Rule lets small business owners rent their home to their business for up to 14 days a year, creating a business...

solopreneur speaking

3 min read

Tax Breaks Solopreneurs Get That Big Businesses Don’t

Reviewed by: Ran Harpaz Did you know that solopreneurs can access more flexible tax breaks than larger businesses? This is thanks to simpler ownership and...

solopreneur talking on the phone

4 min read

Solopreneur Action Plan: Simple Tax Moves That Save You Money

Reviewed by: Ran Harpaz A solid solopreneur action plan starts with structure, not just income. Many solopreneurs watch their tax bills climb as they...

woman smiling at her laptop

7 min read

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

Reviewed by: Mark Rose Smart self-employment tax deductions can save solopreneurs thousands each year. From home office expenses and health insurance to...

solopreneur siting at a desk looking at financials

4 min read

What Solopreneurs Need to Know About the OBBB

Reviewed by: Ran Harpaz Headlines around the OBBB can be misleading for solopreneurs, so the real focus should be on how IRS guidance and income...

6 min read

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

Reviewed by: Mark Rose A single-member LLC protects your personal assets while opening the door to serious tax savings. Once your business income reaches...

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

Reviewed by: Ran Harpaz Sole proprietorship taxes mean handling quarterly payments, self-employment tax, and deductions entirely on your own. Most...

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

Reviewed by: Mark Rose Missing the March 15 S Corp deadline triggers automatic penalties of $245 per shareholder per month — potentially costing solo...

Woman at a desk with her dog

11 min read

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

Reviewed by: Mark Rose Switching to S Corp status is a game-changer for solopreneurs, and here's why: once your business profits surpass $80,000 annually,...

Self-Employed Tax Brackets W2 vs. self employed

6 min read

Self-Employed Tax Brackets Explained: A Breakdown for Solopreneurs

Reviewed by: Mark Rose Self-employed tax brackets work differently than W-2 employees face. You're hit with both federal income tax and a flat 15.3%...

S Corp tax write-offs for solopreneurs; common deductions

5 min read

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

Reviewed by: Mark Rose Automating S Corp deduction tracking helps solopreneurs save thousands yearly by catching every eligible write-off and keeping...

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