Being self-employed is the ultimate career goal for many. The freedom to create your own schedule, choose projects, and control your workload has always inspired self-employment, but in recent years, the number of startups has been growing. In 2020, so-called ‘pandemic entrepreneurs’ started over four million new businesses: the highest total currently on record. Althoughcontinue reading…
IRS
Things You Should Expect Being Self-Employed in Minnesota
People become self-employed in Minnesota for a variety of reasons. For some individuals, it’s an opportunity to control their destiny and have more choice and flexibility in their careers. Others embrace the idea of directing their earning potential themselves. Still others, especially those who worked remotely during the height of the pandemic, see self-employment ascontinue reading…
What Is a Notice of Deficiency?
There are few things that are more disconcerting than receiving correspondence from the Internal Revenue Service (IRS). Even if you are diligent about paying your taxes, getting a letter from the IRS can be scary. This is particularly true when the IRS sends you a notice of deficiency to inform you that you owe taxes.continue reading…
What is the IRS dispute resolution process for businesses?
If you want to dispute your tax bill as a small or medium-sized business, start with the IRS Independent Office of Appeals. This agency strives to make an impartial decision about your tax issues. Review the process of filing an appeal for business taxes with the IRS. When to request an appeal If you receive a lettercontinue reading…
Your Self-employed Tax Obligations
Self-employment affords you many freedoms that you could not enjoy while working for someone else. You have the ability to create your own work schedule, and you do not have to answer to an unreasonable employer who neither understands nor appreciates you. However, the freedom of self-employment does not relieve you from your obligation tocontinue reading…
