credit: David Reber's Hammer Photography on Flickr

With 2011 just around the corner, you’re probably thinking about closing out the books on this year. You might be considering what you need to get your taxes done and generally start the year off right. But 2010 isn’t quite over and there are still a few things that you can do to improve your tax situation right now.

I talked to Travis Raml, a CPA working with clients in Maryland and Virginia, to get some tips on how to end 2010 right — at least in terms of taxes. Continue Reading

Tax time can be especially stressful for freelancers: despite paying estimated tax payments throughout the year, it’s rare that a freelancer doesn’t still have to come up with some money for April 15 — or come up with a long enough list of deductions.

There are quite a few deductions available to freelancers that may not seem obvious when you first sit down with all those 1099s and receipts. But as long as you have the right documentation, you can write off plenty of deductions you may never have thought of.

Continue Reading