Being a freelancer comes with a lot of advantages: flexibility, independence, and the ability to choose the projects you work on. However, it also comes with a lot of responsibilities, including managing your finances and taxes. One of the biggest fears of any freelancer is being audited by the IRS (Internal Revenue Service). While it can be stressful and time-consuming, there are ways to
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A Limited Liability Company (LLC) is a type of business structure that combines the personal asset protection of a corporation with the tax benefits of a partnership. LLCs are becoming increasingly popular among small business owners because of the flexibility and potential tax savings they offer. However, it’s important to understand the deductions and taxes that apply to LLCs so you can make the
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