Tax Savvy Jessica Blog
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Your First Year in Business – The Tax Things Nobody Tells You About
Congratulations on starting a business! You’re now the CEO, the decision-maker, and, somehow, the...
Paying Yourself as a Business Owner – Salary vs Distributions Explained
When you own the business, paying yourself should be the easiest part. After all, it's your...
The Difference Between Bookkeeping, CFO Services, and Tax Advisory
People love to lump bookkeeping, CFO services, and tax advisory into one big bucket, as if they’re...
The Exact Working From Home Tax Deductions You Can Claim in 2026
Working from home comes with some pretty sweet perks, right? More flexibility, no commute, and the...
Should I Do My Own Taxes or Hire a Tax Professional?
Ah yes, tax season. That magical time of year when you suddenly become very interested in...
Checklist: How to Prepare for Your First Tax Consultation with a Tax Professional
So, you booked your first tax consultation for your small business. Look at you being all...
How to Avoid Common Tax Mistakes as a Small Business Owner
Tax mistakes are sneaky, easy to miss when you’re filing for yourself or your small business. But...
The Best Tax Saving Strategies for Small Businesses
You’re getting your small business off the ground, putting in the grind, wearing every hat under...
How to Pay Yourself as a Business Owner (and Minimize Taxes!)
So, you started a business, put in the grind, landed some clients, and the money’s finally rolling...
Everything You Need to Know About the Home Office Deduction
Running a small business isn’t for the faint of heart – but hey, you already know that. You’re...
5 Ways Professional Tax Advisors Can Benefit You
Running your own small business comes with a lot of perks – but let’s be real, dealing with taxes...
Why Is Tax Planning Important, Anyway?
Tax season means documents, deadlines, deductions, and credits – it’s enough to make any small...
Can I Write Off Office Expenses on My Business Taxes?
When you’re running your own business, every expense – from sticky notes to swivel chairs – starts...
Business Expenses vs Personal Expenses: What Can and Can’t Be Deducted on Your Taxes
If you're running a business, you probably know all too well how the line between "business" and...
Tax Savvy Jessica Is Now Tax Savvy Advisors!
Big changes are happening, and I couldn’t be more thrilled to share this update with you. Tax...
Tax Deduction Guide: Can I Write Off Meals as a Business Expense?
Staying well-fueled is a must for keeping your brain sharp and your energy high as you grow your...
Business Expense Deductions: Can I Write Off Gas on My Taxes?
As a small business owner working hard to get your company off the ground, you understand that...
Can You Write off Business Expenses without an LLC?
If you clicked on this blog, you're probably a new business owner or someone thinking about taking...
Tax Management Tips for Consulting Firms: Everything You Need to Know
As the head of a consulting firm, you wear a lot of hats. From managing clients and meeting tight...
Do I Need a Bookkeeper? 6 Clear Signs for Small Business Owners
Hey there, fellow small business owner! Are you finding it hard to keep up with your financial...
20 Questions You Didn’t Know to Ask a Tax Preparer – But Totally Should!
Hey there, six-figure coaches and consultants! We know you adore working for yourself, but tax...
Capital Gains Taxes for Coaches and Consultants in 2024
Learn how to minimize taxes owed when selling a business asset. If you’re a coach or consultant...
I Owe Taxes. Now What?
Find out how to address a delinquent bill with as little stress as possible. Running a business...
To Defer or Not to Defer: Understanding Self-Employment Tax Deferral
If you’ve been around TSJ for a while, you’ll know that being your own boss can be immensely...
Can I Write Off Alcohol as a Business Expense?
Managing expenses is a crucial aspect of maintaining a thriving business, no matter your niche....
24 Tips: 2024 Year-End Tax Planning Tips for Small Businesses
Start the new year off right by planning ahead for your taxes in 2024. If you’re like most...
Can I Write Off My Haircut?
The short answer: sometimes. With tax season approaching, professionals working in industries in...
Should I Charge Sales Tax for Consulting Services?
Owning a business often comes with questions you never considered before being your own boss. How...
I’m Self-Employed. Can I Deduct My Health Insurance Premiums Through My Business?
When you own a business, your tax situation is very different from that of a traditionally...
The Corporate Transparency Act
As a small business owner, you need to be informed about this new federal law that will impact how...
Is My Gym Membership a Tax Write-Off?
I always laugh when I stumble across so-called “tax gurus” on the internet. Not only do they dole...
Should I Charge Sales Tax on My Digital Products?
The creation and selling of digital goods changed the world of business forever. Not only can...
Should I Form An LLC For Consulting Work?
Owning your business means responsibility for everything, from the little details like choosing...
Can I Claim the Earned Income Tax Credit if I’m Self-Employed?
Choosing the self-employed life has many perks. You can be your own boss, set your own hours, and...
IRS DELAYS NEW THIRD PARTY PAYMENT PLATFORM RULE FOR 2022 TAX SEASON
WHAT YOU NEED TO KNOW FOR THE 2023 TAX YEAR If you’re a small business owner, freelancer, or...
Is Business Coaching Tax Deductible?
Business coaching, a service in which an experienced professional helps another business owner...
What To Look For When Choosing a Tax Professional
At first glance, choosing a tax professional for your small business seems easy enough. You Google...
Clean Vehicle Tax Credit
As the public interest in climate-friendly investments grows, we will continue to see developments...
Business Feeling Tight? Here are 3 ways a licensed Tax Pro can help.
Most business owners know the crippling anxiety an economic downturn can bring. When will things...
What’s The Deal with Depreciation?
Whether your business is young or well-established, you've probably spent a lot on necessary tools...
3 Common S-Corporation Mistakes
When starting a business, it’s common to wonder how you should structure your organization. One...
More Money, More Taxes: How Do I Make My Estimated Quarterly Payments?
Imagine this: it’s the middle of the fiscal year and your business has already grown...
I’m Self-Employed: Can I Deduct Childcare Costs?
Here at Tax Savvy Jessica, the majority of our clients are 1) self-employed entrepreneurs, and 2)...
Are Marketing Costs Tax Deductible?
Your business might be the bee’s knees, but unless potential customers know you exist, you won’t...
How to Win at Bookkeeping
Maintaining good bookkeeping practices is the gold standard for all small businesses, and is the...
Self Employment Taxes: How Are They Different From filing as a W-2 employee
Entrepreneur, freelancer, independent contractor or self-employed. However you title yourself,...
The Perks of an Amex Card for Small Business
If you own a business, chances are you’ve received a credit card offer or two in the mail. Whether...
Quarterly Tax Payments: A Brief Guide for Coaches & Consultants
As a small business owner, your daily thoughts center around improving your company. You care...
How Much Does It Cost to Hire a Tax Professional?
The IRS estimates it takes individuals 11 hours to prepare a tax return on average. But who wants...
5 Tax Strategies for Coaches and Consultants
Use these tips to save on your taxes this year! So you’re a coach or consultant and you’re killing...
CPA vs. Enrolled Agent: Who Should I Hire for My Business?
As a business owner, you’ve probably learned that handling your taxes isn’t always a walk in the...
5 Reasons to Hire a Tax Accountant for Your Small Business
When you’re running a small business, you wear lots of hats. You may be CEO, receptionist,...
Is My Beach Vacation Tax Deductible?
It’s no secret that coronavirus has everyone going stir crazy. If you’re considering a little...
The Basic Guide to LLC Tax Classification
What’s the best part about starting a new business? Choosing a business name, designing your...
HSAs in 2021 : 5 Things to Know
Contributing to a Health Savings Account can be a great way to save on your yearly tax bill. For...
Can I Deduct My Prada Bag This Year?
It’s tax season. You’re ogling a fabulous new designer bag, wondering if you can justify the...