Estimated taxes are a critical aspect of tax planning for individuals and businesses, particularly for those who do not have taxes withheld from their income throughout the year. This is common for freelancers, small business owners, and others with income outside of traditional employment. Both the federal government and the state of Illinois require the […]
Bookeeping
Tax Planning for the Self-Employed
Self-employment offers the opportunity to be your own boss and establish a lifelong bond with your accountant. If you’re self-employed, you will need to pay your own FICA taxes and manage your retirement plan, among other responsibilities. Here are some essential tax planning tips for the self-employed. Understand Self-Employment Tax and How It’s Calculated Ensure […]
The Essential Guide to QuickBooks Bookkeeping: Why Accuracy Matters for Your Business
In the world of business management, maintaining accurate accounting records isn’t just about staying afloat; it’s about thriving. If your business is currently navigating without a solid bookkeeping system, you’re likely facing challenges like mixing personal and business expenses or dealing with inaccurate financial data. But fear not! QuickBooks, paired with the expertise of Blue […]