743 plain-English guides on us tax, each one ending in what to do next.
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Tutors can deduct platform fees, a home office, curriculum materials, software, technology, and mileage, even when a 1099-K reports gross revenue.
US TaxTutoring businesses face an SSTB classification question under IRC 199A. The answer matters only above the QBI threshold, and S-Corp election saves FICA.
US TaxTutors who earn income from platforms (Wyzant, Varsity Tutors) and private clients must make quarterly estimated payments.
US TaxIndependent tutors can use the Solo 401(k) to shelter income. Test prep company owners with employee tutors need SIMPLE IRA or Safe Harbor 401(k) plans.
US TaxTutoring companies that hire tutors face a classification question. Factors that point to EMPLOYEE status for tutors: - The company sets the tutor's.
US TaxVending machines are 7-year MACRS property eligible for bonus depreciation. COGS (product inventory) runs 40-55% of revenue.
US TaxVending machine businesses are NOT an SSTB. Machines depreciate over 7 years (or 100% bonus in Year 1). Entity structure comparison for vending machine.
US TaxEstimated tax planning for vending operators: - Year 1 with equipment purchases: bonus depreciation likely creates an NOL.
US TaxWeb developers and software engineers deduct computers, monitors, software subscriptions, home office costs, internet, and professional development.
US TaxWeb development, software development, and IT consulting may or may not be SSTBs depending on the nature of the work. NOT an SSTB (full QBI available.
US TaxFreelance developers should set aside 25% to 40% of net profit for estimated tax. Retainers fit equal payments; lumpy project income may need annualizing.
US TaxFreelance web developers with no employees can contribute up to $72,000/year to a Solo 401(k). 2026 Solo 401(k) contribution limits: - Employee deferral.
US TaxWeb development agencies that hire freelance developers must correctly classify them. Factors that support CONTRACTOR classification for freelance.
US TaxWelding businesses have substantial equipment costs ($5,000-$50,000 for machines. Welding business deductions by category: Major equipment (Section 179 /.
US TaxWelding businesses have moderate seasonality, with construction-linked work peaking spring through fall and shop fabrication steady year-round.
US TaxWelding businesses can deduct welding machines ($2,000-$15,000, Section 179), consumables (wire, rod, gas), the welding rig truck, safety gear.
US TaxWelding businesses are NOT SSTBs and qualify for the full QBI deduction. The S-Corp election saves $4,000-$8,000/year at $100,000+ net profit.
US TaxSelf-employed welders owe quarterly estimated taxes on net income. How to calculate payments, handle irregular jobs, and avoid penalties.
US TaxWelding isn't an SSTB, so the service-business phaseout won't cut its QBI deduction. Mobile welders break even on an S-Corp at $60,000 to $70,000 net profit.
US TaxWindow cleaning businesses deduct water-fed poles ($1,500-$5,000), squeegees, cleaning solutions. Major deductions for window cleaning businesses:.
US TaxWindow cleaning businesses are NOT SSTBs and qualify for the full QBI deduction. The S-Corp break-even is typically $70,000-$90,000 in net profit.
US TaxWindow cleaning has gentle seasonality (commercial contracts provide year-round stability, residential peaks in spring and fall).
US TaxWindow tinting film costs 5-15% of revenue (extremely low material costs). Cutting plotters ($2,000-$5,000) are Section 179 eligible.
US TaxWindow tinting is NOT a specified service trade or business (SSTB). S-Corp election makes sense at $55,000-$65,000 in net profit.