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business travel

Deducting Business Travel

As a business owner, there comes a time when you have to travel to a convention, or to a client’s location in order to attend a seminar, workshop or close a business deal.  When your business requires you to travel beyond the boundaries of your business structure, it is critical that you carefully document this …

Self Employment Tax

Self Employment Tax Reporting Self employment tax reporting is an add on tax liability on page 2 of you tax form 1040.  Some first time self employed individuals do not understand why is it that they must pay this tax. Income Reporting A self employed individual is an unincorporated business, (ex. sole proprietor, independent contractor, …