There are also features for HR and employee ... a sole proprietorship or LLC. If you're an LLC and trying to pay yourself, you can take what's known as an owner's draw by moving money from your ...

It also has a version for self-employed people that's good for both longtime sole proprietors ... best if your financial scenario is on the simpler side. It does a great job for W-2 employees ...

Independent contractor tax filing works differently than for employees. Learn about key deductions, filing requirements and ...

On the other hand, there’s not as much wiggle room when it comes to paying your taxes ... went on to describe how when someone is an employee for a company, their taxes are taken out of their ...

Many are able to obtain an individual taxpayer identification number, which doesn’t require proof of legal U.S. residency.

It’s best to avoid tapping into your emergency savings to pay off debt, as you could wind up accumulating more debt when an emergency arises. Use this savings calculator to find out how much you ...

Estimate what you owe and pay by Tax Day. Cummings also recommends, “Add a memo to your return describing the reconstruction method used. This establishes a paper trail and gives you audit ...

She said it’s easy to get complacent with your current bank, but taking the time to find a great bank with high interest rates, low fees and good customer service can pay off more in the long run.

If you are a sole proprietor, you should consider Solopreneur. Because it’s the entry-level offering in the QuickBooks family of accounting solutions, it's a good choice for microbusinesses that ...

In Illinois, nondiscretionary “performance bonuses,” such as bonuses paid in recognition of employees satisfying certain performance and safety metrics and seniority goals, must be factored into ...