
Freelancer vs Small Business: Tax Rules Differ
Freelancers taxed as sole proprietors pay 15.3% self-employment tax on everything. Forming an LLC or electing S-corp status changes what that tax applies to.

Freelancers taxed as sole proprietors pay 15.3% self-employment tax on everything. Forming an LLC or electing S-corp status changes what that tax applies to.

Learn how business credit and personal credit differ in tracking, scoring, and legal protection for your LLC or company.

S-corp owners must pay themselves a reasonable salary based on what comparable jobs pay, not just take profit distributions.

Yes, in every state — if you have a physical street address there and are available during business hours. What that costs in practice, and when to hand it off.

Most LLCs are formed in 1 to 3 weeks, but the range runs from same-day to 6-8 weeks. What decides it: your state's queue, and whether you pay to expedite.

Learn when to hire a bookkeeper and how DIY bookkeeping costs you in missed deductions, rushed filings, and wasted time that a professional could prevent.

The bookkeeping habits a new business owner needs from day one: a separate business account, every transaction tracked, and categories that match your return.

Learn how to read an IRS notice without panic by identifying the notice code, understanding what it asks of you, and responding before the deadline.

IRS audit representation means a licensed professional handles communications with the IRS on your behalf.