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,…