Ok, you’re a personal trainer, and it’s tax time. Does your tax bill hit you like a ton of bricks? Chances are you’ve experienced this pain. But, there are ways you can plan so that your not working for “Uncle Sam” and paying too much of your heard earned money! The first thing to consider …
Personal Trainers: The In’s and Out’s of Your Taxes Read More »
If you have income that is not subject to withholding you may need to pay estimated taxes to the IRS during the year. Whether you need to pay estimated taxes is dependent upon your financial circumstances, what you do for a living (if you’re self-employed for example), and the types of income you receive. Here …
If you employ someone to work for you around your house, it is important to consider the tax implications of this arrangement. While many people disregard the need to pay taxes on household employees, they do so at the risk of paying stiff tax penalties down the road. As you will see, the rules for …
April 15 is the annual deadline for most people to file their federal income tax return and pay any taxes they owe. If, for whatever reason, you missed the deadline you may be assessed penalties for both failing to file a tax return and for failing to pay taxes they owe by the deadline. Here …
Eight Facts on Late Filing and Late Payment Penalties Read More »