The April Surprise
Nothing ruins tax season faster than opening a huge IRS bill in April and discovering an underpayment penalty sitting on top of it.
The United States uses a pay-as-you-go tax system. That means the IRS expects to receive tax throughout the year as you earn income, not one giant payment after the…
The 100% Illusion
One of the biggest traps in self-employment is what I call the 100% Illusion.
A client pays you $5,000, and your brain naturally wants to treat it like you just made $5,000 to spend. But if you are a freelancer, contractor, consultant, or solo business owner, that check is not fully yours.…