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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...
Have questions? Looking for answers? You can find them here.
5 min read
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...
3 min read
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...
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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...
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Reviewed by: Ran Harpaz A solid solopreneur action plan starts with structure, not just income. Many solopreneurs watch their tax bills climb as they...
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Reviewed by: Mark Rose Smart self-employment tax deductions can save solopreneurs thousands each year. From home office expenses and health insurance to...
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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
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...
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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.
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Reviewed by: Ran Harpaz Sole proprietorship taxes mean handling quarterly payments, self-employment tax, and deductions entirely on your own. Most...
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December is your last chance to make year-end tax moves that could save thousands. Smart solopreneurs maximize retirement contributions, home office...
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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
Reviewed by: Mark Rose Missing the March 15 S Corp deadline triggers automatic penalties of $245 per shareholder per month — potentially costing solo...
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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,...
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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%...
5 min read
Reviewed by: Mark Rose Automating S Corp deduction tracking helps solopreneurs save thousands yearly by catching every eligible write-off and keeping...