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How to lower your self-employment taxes next year

by Nellie Akalp | June 19/2014 | llc, s-corporation, taxes
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How to lower your self-employment taxes next year

If you’re one of the 20+ million Americans making a living as a sole proprietor, tax time can make you wonder where all of your hard-earned money went. Whether you have been self-employed for decades or this was your first year filing as a solo worker, you’re probably concerned by those hefty self-employment taxes.

If…


When to incorporate your business in the UK

by FreshBooks Accountant | June 17/2014 | business-structure, taxes
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When to incorporate in the UK

Over the years, I’ve helped numerous clients save money on taxes, increase profits and build their credibility by guiding them through the process of choosing the right business structure for the stage they’re in. The right structure at the right time can mean the difference between a successful and unsuccessful business.

There are various types…


Should you incorporate to save taxes in Canada?

by FreshBooks Accountant | June 10/2014 | business-structure, taxes
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Should you incorporate to save taxes in Canada?

You may have been advised, at some point in your self-employed career, to incorporate. The benefits to incorporating as a self-employed freelancer include the prospect of being taxed at the lower small business rate, deducting business expenses, being treated like a business owner instead of an employee and working on projects that don’t require a…


Everything you need to know about tax audits

by FreshBooks Accountant | April 24/2014 | audit, tax-strategy, tax-time-advice, taxes
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Everything you need to know about tax audits

Do you worry about getting audited? If you answered yes, you’re in the majority of small business owners. One of the most common questions I hear at tax time is, “What are the chances that I will get audited on my tax return?”

While it’s true that small business owners, especially self-employed individuals, have the…


Words of wisdom from the tax experts

by Rob Guenette | February 26/2014 | tax, tax-tips, taxes
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Tax Time 2014

Happy Tax Time everyone!

Here is a round up of some of the most popular FreshBooks blog posts to help you navigate this tax season. These articles cover prepping for your taxes as well as tips and tax strategies to make sure you’re getting as much out of your taxes as possible!

You can also…


New: Journal Entries for QuickBooks Desktop and CSV

by Rob Guenette | February 13/2014 | journal-entries, product-news-2, taxes
New: Journal Entries for QuickBooks Desktop and CSV

Journal Entries

Starting today, you can share all your FreshBooks transactions in the form of journal entries with your accountant to save time during tax season. You don’t have to spend time figuring out which reports to run and your accountant gets the data they need in a format they can use. Yippee!

Huh? What are Journal


3 tax strategies to save your business money

by Guest Author | February 6/2014 | tax-strategy, taxes
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Do you apply tax strategies for your small business? If you don’t, you’re probably giving money to the government you don’t have to. Nobody likes to do that, so today, I’m going to guide you through three key tax strategies that—as an accountant—I use with my small business owner clients. I’m also a small business…


Tax Thursdays: The Top 5 Traits For Your Tax Accountant

by Guest Author | January 24/2013 | find-accountant, taxes
Tax Thursdays: The Top 5 Traits For Your Tax Accountant

Tax Thursdays

As a small business owner, your accountant is a crucial piece to your business’ operational puzzle. If you are on the hunt for a tax accountant, you have discovered by now that there is a dizzying array of accountants and firms from which to choose.

When you begin to consider the many ways in which…


Tax Thursdays: 9 Posts To Prepare You For Tax Season

by Justine Smith | December 20/2012 | self-employment-taxes, taxes
Tax Thursdays: 9 Posts To Prepare You For Tax Season

Tax-Thursdays

If you’ve been busy creating a hearty 2013 to-do list for that much-deserved holiday break, the gang at FreshBooks would like to remind you about a big list item you may have forgotten: taxes. Fear not, because starting in the New Year, the Tax Thursdays series will be back with more great content.

To…


Introducing: an easy way to create a balance sheet in FreshBooks

by Casey McKinnon | October 10/2012 | accounting, product-news-2, small-business, taxes
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UPDATE 2: Thanks to everyone who sent in their feedback to help make this new tool even better. Today we’ve released an update to the Balance Sheet tool which has added support for invoices with multi-currencies. FreshBooks will convert the values to the system-currency using the “As Of” balance sheet date, sum together all values,