ARTICLES

Side hustles can create valuable income, but they also come with tax responsibilities. Learn how the IRS determines whether an activity is a business or a hobby, why that distinction affects deductions, and what steps taxpayers can take to document profit motive and protect eligible write-offs.

A Roth IRA can be a powerful retirement planning tool for entrepreneurs and self-employed individuals. Learn eligibility considerations, contribution limits, and how Roth IRAs can support long-term tax-free growth.

Set up a SEP IRA before filing your 2025 taxes to reduce your tax bill. Learn deadlines, contribution limits, and how this simple plan can benefit business owners.

FICA Taxes - amounts above the threshold aren’t subject to tax. The “wage base” for 2024 was recently announced and indicates an increase.