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A 1099-Misc is used to make sure there’s a paper trail for payments that aren’t made using a credit card or other third-party processor. They’re basically a really formal receipt that tells the IRS, “hey, I paid this person/company this much” and the IRS...
It can feel overwhelming to calculate and pay your estimated quarterly taxes, we totally get it. This post will help breakdown the big takeaways and also provides instructions on how to actually make the payments. If you earn income throughout the year and no one is...
We are going to cover what a Form W9 is, what the form is used for, and how to fill one out! Before we get started, I want to first differentiate between the two parties involved in a W9 form: Requester The one requesting a completed W9 form Submitter The one...
Since the new tax laws went into effect in 2018, we’ve been hearing all kinds of rumors about how they will and won’t affect creative business owners. This misinformation is causing undue panic and improper planning by business owners large and small. Below, we are...
Do you get a case of the ass-sweats when someone asks what your rate is? Do you have any idea how to actually calculate your billable rate or price your services? The Quick and Dirty Method When determining your rate for services, a good rule of thumb is to divide...
You may have heard that if you’re going to start a business, you need to choose an S-Corp. In fact, you may have just formed one because so and so said you should. It happens. So What’s the Big Deal? Most people form S-Corporations so they can pay less...
Do you have a side hustle that isn’t so much on the side anymore? It’s like, maybe even becoming your main hustle and you’re thinking that you might wanna swipe right (or is it swipe left?) and make it official? Congrats! You’re probably thinking that the first step...