Sole Proprietors

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Why is the SE Tax Deduction Taken on the 1040 and Not on Schedule C?

By | April 18th, 2017|Categories: Small Business Tax and Accounting|Tags: , , |

Question from a web visitor: why is the deduction for 1/2 of self-employment tax taken on the front side of the 1040 and not on the proprietorship’s Schedule C?

The 4 Choices a Small Business Owner Has When Their Business is No Longer a Side Business

By | March 23rd, 2017|Categories: Editorial Commentary, Small Business Tax and Accounting|Tags: , , , |

Many of the business clients I work with are either side businesses, or side businesses that are turning into "real" businesses. I've written before about the struggle of taking a side business and turning it into something more. Today, I'm going to write about the choices a business owner has with their side business when they [...]

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Follow-up to Wednesdays Post: 1-Person LLCs, EINs and Form W-9

By | July 22nd, 2016|Categories: Small Business Tax and Accounting|Tags: , , , |

What EIN should go on a W-9 for a single-member LLC?

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