income tax return Archives - JMV Financial Services

Changes that may affect how you file this upcoming tax season

Employment during 2020 was extremely unpredictable and many people lost jobs, were furloughed, were at work and then back at home. All these insane employment changes and several other financial factors impact how you file your taxes in 2021. There are some other changes in tax laws you may not know about and even be[...]

In the U.S., all residents are required to pay taxes on all sources of income that exceed $600. That applies to both employees and what the IRS might term as a “freelancers.” Generally, freelancing is synonymous with being self-employed. According to the Free Dictionary website, the definition of freelancing is as follows: “a person who[...]

If you're going to have your accountant do your taxes, here are some documents you'll need to have rounded up for them to complete their job.

by Jillian
Posted on August 30, 2017
0 Comments
in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

As a business owner, you may have heard the buzz about how using an S corp can save you money on your taxes, but are you confused about what an S corp is or how it can help? An S corp, short for S corporation, is a special type of corporation that allows profits, and[...]

by Jillian
Posted on July 26, 2017
0 Comments
in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

Managing money is one of the leading causes of stress for the majority of people today. It’s actually been a pressure point for families and individuals for generations, but it doesn’t have to be. There’s no time like the present to flip the financial script and create a new mindset around spending and saving. Here[...]

by Jillian
Posted on February 4, 2015
0 Comments
in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

Whew! The rush is over once your personal income tax return is done for another year – or so you thought…right up until the moment you discover information you forgot to include. Now what? The action you take depends on the type of information you forgot. For instance, say you reported all your income on[...]

by Jillian
Posted on February 1, 2015
0 Comments
in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

When it comes to taxes, being self-employed has some advantages. Whether you work for yourself on a full-time basis or just do a little moonlighting on the side, the government has provided you with a variety of attractive tax breaks. 1. Save for retirement. When you’re self-employed, you’re allowed to set up a retirement plan for[...]

income tax return

Changes that may affect how you file this upcoming tax season

In this COVID Economy, I am freelancing, how do I pay my taxes?

Documents Your Accountant Needs to File Your Business Taxes

6 Ways an S Corp Can Protect Your Business

5 Steps to Smart Financial Decisions

Oops! You forgot something on your tax return. Now what?

5 Tax Break Tips for the Self-Employed

Get Started Today Download the 5 Core Chapters of the Book Profit First

Avoid the Top 10 Bookkeeping Mistakes

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