Resources for Smarter Tax Strategies
Welcome to our Resources page—a hub for insights, tips, and strategies to help you navigate the world of taxes with confidence. Explore our latest posts below and discover practical advice to maximize your tax savings, stay compliant, and plan for a brighter financial future.
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Do I Need to Pay Self-Employment Tax on My Turo Income?
As a Turo host, you’re earning income by renting out your vehicle to others—but does this income subject you to self-employment tax? The short answer is yes. Turo hosts are generally considered to be operating a business…
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Quarterly Estimated Taxes: For Small Business Owners
If you’re a small business owner, freelancer, or independent contractor, you’ve probably heard about quarterly estimated taxes. But what are they, and why are they so important? Failing to understand and pay these taxes could result in…
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Home Sale Exclusion – Sell Your Home Tax Free
If you’ve recently sold your home—or are planning to—there’s good news: you might qualify for the home sale exclusion, one of the most valuable tax breaks available to homeowners. This exclusion allows you to avoid paying taxes…
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Guide to 1099s – When and How to Issue Them for Your Business
If you’re a business owner, freelancer, or independent contractor, you’ve likely heard of Form 1099. This important tax document is used to report certain types of payments made during the year. Failing to issue 1099s when required…
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Tax Filing Checklist – Documents You Need To File Your Taxes
Tax season can feel overwhelming, but being prepared makes the process much smoother. Gathering the right documents in advance not only reduces stress but also ensures you don’t miss out on valuable deductions or credits. Whether you’re…
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Turo Tax Write-Offs: Maximize Earnings and Minimize Taxes
If you’re using Turo to rent out your car and earn extra income, understanding the tax deductions available to you is critical to keeping more of your hard-earned money. Turo hosts are considered self-employed, which means you’re…
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Inflation Adjusted Tax Brackets – New for 2025
The IRS has announced the inflation-adjusted federal income tax brackets for the 2025 tax year, which will affect the taxes you file in 2026. Understanding these updates is crucial for effective tax planning and maximizing your potential…
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Online CPA Tax Preparation – Things to Consider
When tax season rolls around, more people are turning to online CPAs for tax preparation. It’s fast, convenient, and can save you both time and money. But not all online CPA services are created equal, and choosing…
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A Step-by-Step Guide to Completing Your BOI Filing Online
Filing your Beneficial Ownership Information (BOI) is an important compliance step for many businesses under the Corporate Transparency Act. This process ensures transparency in ownership and helps prevent illegal activities like money laundering. In this guide, we’ll…