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...
Have questions? Looking for answers? You can find them here.
4 min read
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
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
Reviewed by: Ran Harpaz Sole proprietorship taxes mean handling quarterly payments, self-employment tax, and deductions entirely on your own. Most...
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
Reviewed by: Mark Rose Missing the March 15 S Corp deadline triggers automatic penalties of $245 per shareholder per month — potentially costing solo...
11 min read
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...
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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...
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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...
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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...
8 min read
Reviewed by: Ran Harpaz Ask any solopreneur what intimidated them most about self-employment (or has kept them from pursuing self-employment altogether)...
5 min read
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...