What Is a Statutory Employee?
When you’re ready to hire workers, you may find yourself faced with this question: Should you hire employees or independent contractors? But because the IRS likes to keep things interesting,…
Erica Gellerman, CPA
Erica Gellerman is a tax specialist, financial writer and educator. She holds a California CPA license. Her work has been featured in Forbes, Money, Business Insider, WealthFit, Accounting Today, LendEDU, CreditKarma and more. She has an MBA from Duke University and a degree in business economics from UC Santa Barbara.
Posts by Erica Gellerman, CPA:
How Does the Work Opportunity Tax Credit Work?
Hiring employees is an expensive undertaking for any business. But if you hire certain employees, the government wants to make it less expensive for you by offering a Work Opportunity…
How Long to Keep Business Tax Records
One part of being a business owner means keeping records for everything, including what you’ve earned, what you’ve spent and where you’ve traveled. It can become easy to get swamped…
How Bonus Depreciation Affects Business Taxes
A concept that can be confusing and frustrating for small-business owners — especially come tax season — is depreciation. With depreciation, when you buy an asset (like a computer), even though…
What Is Form 1099-NEC for Non-Employee Compensation?
While you’re likely familiar with various forms from the IRS already, there’s another tax form that should be on your radar: Form 1099-NEC. Form 1099-NEC, non-employee compensation, was revived as…
Form 8829 Instructions: Claim Home Office Deduction
IRS Form 8829 is one of two ways to claim a home office deduction on your business taxes. Only self-employed people are eligible to claim this deduction. If your business…
What Is a Qualified Joint Venture?
If you’ve started a business with your spouse, you may be stumped when tax time rolls around. How are you supposed to file your business taxes? Previously, the rules were strict:…
Understanding the Small-Business Health Care Tax Credit
Running a business is expensive, especially when you start adding in employee health care costs. The good news is that some of these costs can actually wind up lowering your…
The 10 Best Freelancer Tax Deductions
If you work as a freelancer, there are a number of freelancer tax deductions you may be able to take to help reduce your business tax obligation. Here are some…
The Complete Guide to Independent Contractor Taxes
Paying business taxes as an independent contractor can be tricky. You have to file additional forms, make sure you’re paying the government enough during the year and pay a self-employment…
