single-member LLC
Do I need to Pay Self-Employment Tax if I Have No Profit?
Do you remember your first job and the excitement that generated? Do you remember your first paycheck and the shock that was generated when you realized that there is a difference between gross pay and net pay? Self-employment income can … read more
How do I Report My Income from a Solely Owned Business?
If you have a small business like a sole proprietorship or you are an independent contractor, or you operate as Single Member LLC, you generally would consider yourself to be a self-employed. For tax purposes, you must file IRS Schedule … read more
Schedule C – Doing Business in California as Single Member LLC
Beware of the single member LLC (SMLLC) rules of California…even if you have a net LOSS. If you are a SMLLC doing business in California, you happen to fall into a small category of certain filing requirements. As a SMLLC, … read more
Selling Your Home
Now that the housing market is beginning to rebound you may be considering putting your current personal residence on the market. But what do you need to know before you call your real estate agent? First of all, does the … read more