Tax issues for the self-employed

Tax issues for the self-employed

Across the country, the number of people who define themselves as self-employed is growing. In 2019, the Bureau of Labor Statistics estimated there are 16 million self-employed in the United States. While taxes for the self-employed are similar to those of other...
What does Section 199A mean for your business?

What does Section 199A mean for your business?

A new provision of the Tax Cuts and Jobs Act of December 2017, titled Section 199A, stipulates that owners of sole proprietorships, S corps. or partnerships can deduct up to 20% of the income earned by the business.  The idea behind Section 199A is to afford the...
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