If you have lots of jobs and sources of income it can be hard to figure out what counts as freelance; what part is taxed, what part isn’t, and all the different ways this stuff is categorized. We’re here to help!
You're earning money on your own for work you're doing, but without a formal structure like an LLC or Corporation, are you actually a business?
You don't actually need an LLC or Corporation to be a business. And there aren't always tax advantages for freelancers to forming them. We'll help you figure out if it's gonna make a difference on your taxes.
It's common business advice that the tax structure of an S Corp can help save money on taxes. But is that true for you?
If you're going out of business or want to change the kind of business entity you're using, we've put together some basic information on how to close down your S-Corporation. These instructions are specific to New York.