Category: Tax

As an OnlyFans creator, managing your growing income and navigating the complexities of taxes will help to maximize your success, but this process can be overwhelming unless you use a specialized service such as the “Tax Services For Onlyfans” provided by Semaphore Tax. Tax Services For OnlyFans Semaphore Tax specializes in providing expert tax, bookkeeping, […]

Intro You’re a busy freelancer. We get it, and we get you. You may wonder if what you do and how much you make has a bearing on how you pay taxes and how much you will owe. The simple answer to this is yes. We have some useful tips you should know about your […]

Introduction McDonalds founder Ray Kroc once said, “It’s easy to have principles when you’re rich. The important thing is to have principles when you’re poor.” Small Business owners know that if they don’t have principles, they can soon wind up bankrupt and that their number one job is to protect their business by establishing a strong […]

When it comes to financial services, one little mistake can be a big deal. Here’s how to avoid costly mistakes while growing your business — with outside help. Nearly every business owner has wondered when to hire internally and when to outsource externally.  While you are the only one who can focus on keeping your […]

Many small businesses are still struggling to fully recover from the COVID-19 pandemic. In fact, for roughly 63% of small businesses, their revenue is still lower than it was in 2019. This means that for the majority of small businesses and freelancers, operating efficiently is vital to get back to where they were before the […]

Your Ultimate Guide to Qualified Business Income If you’re a small business owner, saving money is your primary goal. There are two main reasons business owners like to save money: To put money in their own pockets or reinvest and grow. But an often-overlooked strategy for saving money is the Qualified Business Income (QBI) tax […]

California’s Passage of Law AB5 May Turn Your Independent Contractor into an Employee if You Don’t Take Immediate Action A sweeping change to California’s labor laws known as Assembly Bill 5 (“AB5”) went into effect on January 1, 2020. AB5 stands for the proposition that, by default, most workers should be employees entitled to California […]

The personal tax return deadline has passed us, but if you extended your tax return, there’s still time to make sure you take advantage of the changes to the tax code. With so many uncertainties surrounding not only the government shutdown, but also the new tax laws, many taxpayers are facing some new challenges that […]

The government shutdown ended January 25th after 35 days of uncertainty and turmoil. With the government now open for the next three weeks, many Americans are wondering – what does this mean for my taxes? Experts have warned that the shutdown will be causing “major” delays for the IRS. They cite evidence from the 16-day […]

If you’re anything like most business owners trying to close out the year and prep your tax filing this month, there are a number of holiday expenses you can deduct that could save you thousands of dollars. As a business owner, you know the importance of maintaining and strengthening your relationships with clients. One proven […]