The 1099-NEC (Nonemployee Compensation) is a crucial tax form used to report payments made to independent contractors and other nonemployees. It was reintroduced by the IRS in 2020, specifically to handle nonemployee compensation that used to be reported on the…

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In an effort to help business owners circumvent the federal State and Local Tax (SALT) deduction cap, Kansas passed legislation allowing pass-through entities (PTEs) to elect to pay taxes at the entity level. This offers significant tax savings for business…

If you’re driving for services like Uber, DoorDash, or Instacart, you’re considered an independent contractor, not an employee. This has several key tax implications: While being your own boss has its perks, the tax responsibilities can add up quickly. Make…

When you’re a self-employed individual or small business owner filing a Schedule C, deducting auto mileage is an excellent way to save on taxes. The IRS offers two ways to calculate the deduction: the standard mileage rate or actual expenses.…

As of the 2024 tax year, Kansas will no longer tax Social Security benefits, providing significant relief for retirees. Previously, Kansas taxed Social Security benefits if your federal adjusted gross income exceeded $75,000, impacting many seniors across the state. However,…

Experienced CPA Services, Tailored to Your Unique Financial Journey. I’m Bryan Nelson, a seasoned CPA with over 25 years of experience in tax preparation and client accounting services. I specialize in working with professionals and entrepreneurs in their 40s and…