Tom Smery is a certified CPA for over a decade. In his free time, he writes articles to pass on his expert knowledge on taxes and accounting. Thomas has a wide range of deep knowledge on 1099 taxes, and finance topics. You can find him fishing when he is not preparing taxes for his clients or writing about accounting.
If you are considering to run your business as a sole proprietorship or as a formal corporation, read this article first. We'll go over the advantages and disadvantages of sole proprietorship.
If you are looking for a debit card for your freelance business, then try a one of these bank accounts. We'll review the different features of each, the different benefits of a business account, and show you the best freelancer bank account on the market.
Discover tax write-offs and the best business to start in order to claim deductions here. In this article, we'll go over different write-offs you can claim as well as let you in on the best businesses to start for tax deductions.
If you are in the market for an online bank account, try Bonsai's business account. Our business bank account is virtually guaranteed and comes at no cost. It's a no-brainer to open!
Shopping around for the best architect apps? The team at Bonsai gathered the best tools for architects to use to run their business, set up augmented reality, 3D drawings, and much more.
If you are a sole proprietor that needs to file your taxes for the upcoming season, read this guide. It'll walk you through what you need to know in order to file and save money from your tax bill.
Can you open a business checking account with just an EIN? Well, not quite. There are certain circumstances where you'll need an EIN but it's only one part of the process. We'll review the required documents in this article.
Does Chime offer a business account? Well, no. That's why we're going to show you some top alternatives for Chime where you can create a business account to separate your transactions for taxes.
if you are planning to incorporate, you'll need a separate business bank account for your operation. It is required to separate your legal entity and your personal finances. Read on to discover how to open a bank account for your corporation.
What's the difference between a business account and a personal one? Should you separate them for your business? In this article, we'll answer the key contrasts between the two accounts and how to decide if you need one for your business.
Never miss another payment with Bonsai, a professional services automation suite, made for consultants, agencies, coaches and other professional services.
Looking to claim a Goodwill tax deduction? We'll take you by the hand and walk you through it step-by-step. This guide will cover everything you need to know to claim this tax write-off and much more.
How do you choose a bank account for small businesses? We'll go through a list of things you should look for when selecting the best bank account for your business. We'll talk about interest rates, introductory offers, ease of integration and more.
Many people have this question about how many owners a sole proprietorship have? Well, the team at Bonsai will break it down for you for what it means to be a sole proprietor, how many members they have and the risks involved.
If you are searching for banks accepting new business accounts, you are in the right place. We'll review things like what to look for in your search for a business account for your business and give you a list of banks to select from.
If you are thinking about stepping into the world of entrepreneurship, let's talk about the benefits of sole proprietorship and why you should start off as one (or not). In this article, we'll talk about all the advantages this business type has.
If you are wondering how long it takes to set up an LLC for your business, we'll walk you through all the steps as well as how long each one takes. You'll discover how each time differs depending on what State you form an LLC in.
Do you have a hobby where you earn some money every now and then or an actual business? Our accountant will break down the key differences you'll need to know about for your taxes.
If you plan on tracking your miles to deduct from your taxes, you'll need clean records to send to the IRS to justify your deduction. Try Bonsai's free mileage tracker template to quickly organize your miles and start saving money!
If you forgot to pay quarterly estimated taxes, don't panic. The world is not coming to an end! Read this guide to see what to do to recover and avoid paying too much of a penalty.
Need help filing your eBay 1099 taxes? The team at Bonsai has you covered. We'll go over quarterly taxes, how much you owe, hobby versus small business and much more. Discover how to easily file your taxes here.
Missed your quarterly taxes and you are wondering what the estimated tax rate penalty is? Stay tuned. In this article, we'll guide you through everything you have to be concerned about regarding quarterly taxes, as well as calculating the penalty size.
Wondering if you could deduct tax preparation fees off of your tax bill? This article will go over the ins and outs of this common question. Stay tuned for when you can and cannot deduct this expense.
If you use PayPal often to accept payments for your business, you know PayPal fees add up. In this article, we'll break down all the fees available to you (and other deductions) to write-off from your tax bill.