Last updated: April 26, 2023 Buying real estate is rarely a bad decision. If you purchase a house that requires minor repairs, you'll have an excellent return on your investment. You can renovate it and resell it or rent it out, creating continuous cash flow. But how about its tax purposes? Few know and take…
February 5, 2020 Imagine you're an ethical hacker. Or a designer working from home. An entertainer working on events as a Disney princess, face painter, a clown, or a mime artist. Or, you're an independent contractor working on several projects at the same time as a consultant. You can be a ride-share driver if you'd…
Last updated on: August 19th, 2022 Do you have a list of monthly trips from a data source like Excel or Google Timeline, but cannot use them directly as a mileage log? Working with said data sources can be time-consuming, but fear not: Our new feature will quickly become your favorite. With our new feature,…
January 6, 2020 The Internal Revenue Service (IRS) has announced the 2020 business mileage standard rate of 57.5 cents. This applies to miles driven starting January 1, 2020. The reasons behind the decrease (as in 2019 the standard mileage rate was 58 cents) are the following: National average fuel prices have dropped. This resulted however in…
September 5, 2019 Before the tax year ends, there's a chance you have to face a few unpleasant surprises. If you have a small business, or you're an independent contractor or a freelancer most of the tax-related administration is something you have to do for yourself. Even if you have an accountant, they might not…