Payroll Taxes 101: A Guide for First-Time Employers
Hiring your first employee comes with payroll tax obligations. Here's a plain-English guide to FICA, federal withholding, Form 941, and what you owe.
Category Small Business
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Section 179 Deduction: Expensing Equipment in Year One
Section 179 lets you deduct the full cost of business equipment in the year you buy it. Here's the 2025 limit, what qualifies, and how to claim it.
Independent Contractor vs. Employee: The Tax Difference
Whether you're a W-2 employee or 1099 contractor dramatically changes your taxes. Here's what each classification means for your deductions and what you owe.
Maximize the QBI Deduction as a Self-Employed Business
The QBI deduction lets eligible self-employed workers deduct up to 20% of business income. Here's who qualifies, how to calculate it, and how to maximize it.
How Rental Income Affects Your Taxes as a Landlord
Rental income is taxable, but landlords can offset it with depreciation, repairs, and deductions. Here's how Schedule E works and what you can write off.
Crypto and Taxes: What Every Investor Needs to Know
Crypto is property in the IRS's eyes—every sale, trade, or payment is a taxable event. Here's what you need to report, track, and pay in 2025.
Startup Tax Deductions: Write-Offs in Your First Year
Starting a business gives you a wave of deductible expenses. From startup costs to Section 179, here's how to claim every write-off in year one.
How to Deduct Business Travel: IRS Rules Explained
Business travel is deductible—if you follow the IRS rules. Learn which expenses qualify, how to document them, and avoid mistakes that trigger audits.
Vehicle Tax Deduction: Mileage Rate vs. Actual Expenses
Should you deduct actual car expenses or use the IRS mileage rate? This comparison helps self-employed workers choose the method that saves more.