A Survival Guide to Bookkeeping When You Have No Idea How to Do It
We partnered with small business financial consultant Andi Smiles to help our readers build healthier relationships with their money. Ask Andi your...
Finances and Taxes
Trending topics
Q: Does My Business Qualify for the 20% Pass-Through Deduction?
Back in December 2017, President Trump signed the Tax Cuts and Jobs Act (TCJA), the first significant overhaul of our...
Q: How to Calculate Your Self-Employment Tax In 4 Simple Steps
How many times a month do you find yourself daydreaming about wandering into the land of self-employment? While self-employment can...
Simple time tracking that syncs with payroll.
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What's new
Q: What Is a Balance Sheet? [Free Template]
A balance sheet is a report that gives you a snapshot of the financial health of your business. Unlike a...
Q: What Taxes Do I Pay If I’m Self-Employed?
If you’re self-employed and earned $400 or more over the tax year, there are usually two federal taxes you’ll need to pay: self-employment tax and income tax.
Q: What Do LLCs Need to Know About Form 8832?
Form 8832 is the document LLCs send to the IRS to change their default tax classification. Most commonly, it’s used if you want your LLC to be taxed as a C corporation.
Q: What Is Back Pay?
If you don’t pay your employee their full wages, you may owe them back pay—an extra payment that will make...
Q: What Is Retro Pay? How Do I Calculate It?
Retro pay isn’t some vintage method people used to pay themselves back in the day. Short for retroactive pay, these...
Gusto makes payroll, benefits, and HR actually easy.
Meet our featured contributors
Andi Smiles
Small business financial consultant
Paco de Leon
Founder of Hell Yeah, Bookkeeping
Caleb Newquist
Editor-at-Large, Gusto