Tax Pros Blog
Tax Tips, Updates & Guidance
Plain-English articles from the Tax Pros team — for individuals, the self-employed, and small business owners.
Determine your business structure: This will affect how you are taxed, so it’s important to understand the tax implications of sole proprietorship, partnership, limited liability company (LLC), corporation,...
As a business owner or entrepreneur, keeping track of your finances and taxes can be a challenging task. One of the most important forms you will need to file each year is the 1099, which reports non-employee...
Medical expenses can be tax-deductible if they exceed a certain percentage of your adjusted gross income (AGI). For tax years 2021 and 2022, the threshold is 7.5% of your AGI. This means that only the...
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