Unlock your Tax Potential
Self-employed & small business deductions
Navigate the world of self-employment taxes with confidence. Learn what you can legally write off, how to organize your expenses effectively, and understand the rules for home office and vehicle deductions. Discover how software, supplies, and equipment can impact your tax liability, and when personal spending can qualify as a business expense. Perfect for new LLC owners and side-hustlers looking to maximize their deductions and minimize their tax burden.
Welcome to the E&R Management Tax Tips Blog, your go-to resource for navigating the complex world of taxes. Whether you're an individual taxpayer, a self-employed professional, or a small business owner, we're here to provide clear, actionable advice to help you understand your tax obligations and opportunities. Let's grow and succeed together with simple steps towards tax excellence.
Llc & business structure basics
Demystify the complexities of LLCs and business structures. Understand the difference between an LLC and a sole proprietorship, how your taxes change after forming an LLC, and when to consider an S-Corp election. Learn what documents you need to stay compliant and how to avoid mixing personal and business finances. Essential knowledge for first-time business owners seeking a solid financial foundation.
Tax credits for families
Discover the tax credits that can make a real difference for your family. Get clear explanations of the Child Tax Credit, Earned Income Credit, dependent rules, education credits, childcare expenses, and medical expenses. Maximize your refund and take advantage of the credits available to you with our straightforward guidance.
Tax planning for 1099 workers
Navigate the unique tax landscape of 1099 work. Understand quarterly tax payments, how to avoid IRS penalties, and strategies for tracking income from multiple platforms. Learn how to set aside the right amount of money for taxes and stay ahead of your obligations. A must-read for ride-share drivers, freelancers, stylists, creators, and consultants.
New homebuyers & life changes
Understand how life events impact your taxes. First-time homebuyers and newly married clients will learn about mortgage interest, property taxes, closing costs, and homestead exemptions (especially in Florida). Stay informed about filing status changes and how they affect your tax liability.
Digital & remote income
Get clarity on reporting requirements and eligible expenses for online businesses, content creation, affiliate income, and digital products. Understand how to navigate the tax implications of earning income from online platforms.
Retirement & investment income
Professionals and seasoned clients can gain insights into reporting 401(k) and IRA withdrawals, understanding early withdrawal penalties, and managing capital gains on investments. Learn about the tax implications of dividends and interest, and plan ahead with confidence.
Budgeting & planning for tax season
Discover simple budgeting strategies, effective methods for organizing receipts, and tips for tracking expenses. Learn how to prepare for next year's tax season and leverage E&R Management's consulting + tax approach for optimal financial health.