Total Income Total Expenditures Calculate Total Tax: $ What is 1099 income? First things first, a 1099 form is like the W-2’s cooler cousin in the world of taxes. While W-2s are typically given to employees by their employers, 1099s are used to report income earned as an independent contractor, freelancer, or self-employed individual. So, […]
How does a 1099 expense tracker work? A 1099 expense tracker is a vital tool for independent contractors to efficiently manage their business expenses. Whether through a spreadsheet or a dedicated app, these trackers enable contractors to record and categorize expenses incurred during their work. By diligently logging details such as receipts, dates, amounts, and […]
If you find yourself drowning in a sea of paper receipts and struggling to keep track of your expenses, SimplyWise is here to rescue you! As the leading receipt scanner app, SimplyWise is changing the game when it comes to managing your receipts and finances. In this article, we will dive into the pricing of […]
What are the hidden costs to be tracked when operating a franchise? When delving into the world of franchise ownership, it’s crucial to be aware of the multifaceted array of costs associated with operating a franchise. While the initial franchise cost list might seem transparent, there’s a plethora of hidden fees and miscellaneous business expenses […]
What is a LLC? A Limited Liability Company or LLC is a type of business classification. It helps protects the owner and separates the business from the ownerʼs personal affairs. This is an business entity or legal entity, but not a tax classification. So if you have an LLC, you will still need to find […]
When is the Business Tax Deadline? Your business tax deadline depends on two things: 1. Your business’s tax classification 2. Your fiscal year Some classifications have to pay on the 15th day of the third month after their fiscal year ends, and others have to pay on the fourth month after the fiscal year ends. […]
What is a Tax Extension? If you need more time to fill out your taxes, you can file for an 6-month extension. You can do this for your business taxes by using Form 7004 or your personal taxes by using Form 4868. You can file them electronically or by mail, similar to how you would […]
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Organize bills in seconds with the #1 Bill Organizer Get the App Gone are the days of the paper check register and sitting down to write out your monthly bill payments. Today, most bills are paid electronically, either online or through your bank’s payment system. Either way, you still need a way to track your […]
The 1099-K form is a document used in the United States to report certain types of income received by individuals or businesses. It serves as a record of payments processed by third-party payment networks, such as credit card companies and online payment platforms like PayPal or Stripe. Here’s a closer look at what a 1099-K […]