Trying out self-employment for the first time? Start here.
If you’re testing the entrepreneurial waters for a few months, here are some things to do.
How not to get screwed by the City of LA’s Freelance and Business Tax, 2023 edition
The City of Los Angeles imposes a gross receipts tax on freelancers and businesses. You must file by the end of February annually, even if you’re not profitable or made no money.
Who needs a 1099?
1099s… Who needs them? Who owes them? When are they due? Get on track or get ahead using these best practices.
How should I incorporate my business?
S-corps and C-corps and LLCs, oh my!
3 Ways to Avoid an IRS S-Corp Penalty
Got an S-corp? Here’s How to Avoid an IRS S-corp Penalty What’s the #1 mistake S-Corp owners make?Not taking a W-2 salary. Almost everyone I know makes the same mistake in their first year as an S-Corp: not paying themselves enough or any amount as an employee. As we slide toward the end of year, […]
How Not to Get Screwed by the City of LA’s Freelance and Business Tax
A gentle reminder to report your freelance or business income to the City of LA by February 28, and to contact your councilperson about the gross receipts tax.