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Tax Savings & Strategies (4)

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

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

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%...

a businessman and businesswoman shaking hand over a counter

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...

Woman sat at a table in a cafe

5 min read

What Is a K-1 Form? The Friendly, No-Jargon Explanation

Reviewed by: Mark Rose 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...

man sitting at sunny desk at home

5 min read

S Corp Tax Deadline: The Solopreneur's Guide to Staying Ahead and Saving More

Reviewed by: Mark Rose Missing an S Corp tax deadline costs you more than just penalty fees; it means losing out on cash flow optimization, reinvestment...

A middle-aged man with gray hair and glasses wearing a beige button-down shirt writes notes at a home office desk while an orange tabby cat sits beside him, with bookshelves and windows visible in the background and a laptop nearby.

9 min read

Do S Corps Get 1099? Tax Insights for Solopreneurs

Reviewed by: Ran Harpaz Do S Corps get 1099s? Generally, no. When you elect S Corp status, you shift from contractor to business owner. Your clients stop...

confident graphic-designer-cafe-work-session

8 min read

S Corp Quarterly Taxes: Complete Guide for Filing

Reviewed by: Ran Harpaz Ask any solopreneur what intimidated them most about self-employment (or has kept them from pursuing self-employment altogether)...

man sitting at a laptop in a sunny kitchen

5 min read

Can (or Should) My S Corp Make Investments?

This is a question we hear all the time from our Lettuce customers. Yes, an S Corp can technically make investments using its corporate funds, similar to...

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