Mathisan FwD’s Post

The most stressful part of being a freelancer is paying taxes. Here’s what I do: - Prepared / organised - Save 25% of earnings - Use a business account - Hire an accountant - Invest any extra Simple process = No stress

Working for yourself or running your own business? Setup robust systems for expenses & tax requirements so you can focus on your important tasks. We can help take the headaches out of your business accounting. Read our blog on the Accountants247 Surbiton website > https://lnkd.in/eu2Mq8wP #accountants247surbiton #tax #smallbusinesstips #expenses #accounting #accountant #surbiton

Working for yourself or running your own business? Setup robust systems for expenses & tax requirements so you can focus on your important tasks. We can help take the headaches out of your business accounting. Read our blog on the Accountants247 Golden Green website > https://lnkd.in/eMCJW8Zb #accountants247goldersgreen #tax #smallbusinesstips #expenses #accounting #accountant #goldersgreen

📢 Form 1099: Stay IRS-Compliant & Avoid Penalties! 📢 Did you know? Form 1099 is essential for reporting non-salary income to the IRS. If you've paid $600 or more to freelancers, vendors, or landlords, you’re required to file! 🚨 Missed Filing = Costly Penalties 🚨 ✅ Avoid fines of up to $660 per form ✅ Stay compliant & prevent IRS scrutiny ✅ Ensure smooth tax reporting 📅 Key Deadlines Approaching! Don’t wait until the last minute—file on time and avoid penalties. 💡 Need expert assistance? Let Water & Shark handle your Form 1099 filings hassle-free! Contact us at usa@waterandshark.com to stay IRS-compliant and worry-free. 💬 Have questions about your filing obligations? Drop them in the comments! ⬇️ #TaxFiling #Form1099 #IRSCompliance #TaxReporting #Freelancers #SmallBusiness #TaxSeason

Working for yourself or running your own business? Setup robust systems for expenses & tax requirements so you can focus on your important tasks. We can help take the headaches out of your business accounting. Read our blog on the Accountants247 Urmston website > https://lnkd.in/eeHRYGEQ #accountants247urmston #tax #smallbusinesstips #expenses #accounting #accountant #urmston

Working for yourself or running your own business? Setup robust systems for expenses & tax requirements so you can focus on your important tasks. We can help take the headaches out of your business accounting. Read our blog on the Accountants247 website here > https://lnkd.in/efxB53SP #accountants247 #tax #smallbusinesstips #expenses #accounting #accountant

🚨 Freelancers, are you making these common mistakes when filing your quarterly taxes? 📝 Don't let these errors catch you off guard: ❌ Missing Deadlines ❌ Underestimating Income ❌ Forgetting to deduct expenses ❌ Not setting aside money for taxes Staying on top of your quarterly taxes is key to keeping your finances in check and avoiding penalties. 💡 Need help navigating the process? Let’s talk! #freelancers #quarterlytaxes #taxplanning #selfemployed #taxseason #taxtips #taxmistakes #smallbusiness #taxsavvy #businessowner #irs #taxdeductions #taxhelp #accounting #bookkeeping #taxcompliance #incometax #entrepreneur #gigworker #sidehustle

S Corp can be a big tax savings upgrade for freelancers, fractionals and solopreneurs but the process comes with a lot of confusion. Clear the air and learn more about why it can makes sense as well as the steps needed to level up an LLC. Spoiler alert, many LLC's save $10K or more in taxes... #selfemployed #scorp #LLCvsSCorp #solopreneur #fractionalwork https://lnkd.in/gwdpmmY9

The team at Besolo demystified the process of leveling up to S Corp. We always get the question of what is involved to see the tax savings benefits and it's not nothing, but it's not rocket science either. Our recommendation is to take the tax savings and use them to contribute to a solo 401K, so you can build retirement and feel more secure in the solo lifestyle. 🤔 - Did you know that you can borrow up to $50K or 50% (whichever is less) of the balance of a solo 401K for personal reasons (loss of a client, sickness, etc.)? When you repay the loan, you pay interest to your own retirement account, not a bank. This is a great way to build a rainy day fund for your business-of-one that can still be earning interest versus sitting in your personal account doing nothing. #selfemploymenthacks #solopreneur #solo401K #LLCvsSCorp