small business Archives - The Handy Tax Guy

Tax Deductions for stylists, barbers and beauty professional working in their salon and shop.

31+ Commonly Missed Tax Deductions for Stylists, Barbers and Beauty Professionals

Many tax deductions for barbers and beauty professionals are missed each year!

You’re in the world of perfecting your client’s physical appearance whether it is through hair, fashion, or makeup.

The last thing you want to worry about is making sure your taxes are prepared correctly and with optimal care. I am definitely aware of this and I always want to make your life easier when it comes to helping you prepare your taxes.

The first thing you will want to do is to make sure all your documents are in line. In this article, I will show you how to get the most business deductions and lower your tax bill.

man holding hundred dollar bills on his chest this give an example of tax evasion vs tax fraud

Tax Evasion vs Tax Fraud: Which Will Land You Behind Bars?

Feeling overwhelmed and confused about the differences between tax evasion vs tax fraud?

You’re not alone – many others, including myself, have faced this puzzling conundrum. After digging through federal codes and consulting with legal experts, I’m ready to shed some light on these complicated terms.

Stick around, you’ll discover actionable insights that may save you major headaches (and possibly a visit from the IRS) down the line!

Are Twitch Donations Taxable? Streamers, Don’t Get Burned!

Are Twitch donations taxable?

If you stream on Twitch and receive donations from your viewers, it’s important to note that these earnings are considered taxable income.

This article will guide you through the murky waters of tax obligations for Twitch streamers, helping clarify what is taxable and how to navigate necessary tax procedures.

Ready to level up your financial game?

Let’s dive in.

Top 10 Moneymaking Side Hustles For Single Moms

Side hustles for single moms can be a lifesaver. As a single mom, it’s hard to find the time to care for your children and make money. Thankfully, with the flexibility of side hustles, you will be able to provide for your family in a way that fits in with your busy lifestyle.

With the holidays right around the corner, it’s the perfect time to find ways to bring in some extra cash. Here are ten of the best side hustles for single moms you can start today.

Freelance title on laptop with notepad and pencil

How to File Quarterly Taxes: Full Guide for Content Creators and Freelancers

Trying to figure out how to file quarterly taxes can be tough. I get it!

Being your own boss has amazing perks. You set your own hours, create your own rules, and the sky is the limit in how much you earn. But, there’s a downside – you’re also responsible for paying your own taxes.

Since you don’t work for an employer who would take your taxes out of each paycheck, you must send your tax payments to the IRS yourself, quarterly.

It’s a big responsibility, but once you get the hang of paying quarterly taxes, it becomes just another business chore you must handle.

Here’s what you must know.