Self-Employed and Small Business Insights

If you received an IRS Letter 3219, CP3219A, or CP3219N, the IRS calls this a Notice of Deficiency. You have exactly 90 days from the date printed on the notice to act, and this deadline cannot be extended. What Notice of Deficiency Actually Means A Notice of Deficiency is the IRS telling you it believes you owe more tax than you reported, usually because a 1099-NEC, 1099-K, or 1099-MISC filed by a client or platform does not match what showed up on your return. For self-empl

Most independent therapists and psychiatrists are losing money in ways that have nothing to do with their clinical skills. The problem is that their financial systems are built for "getting taxes done," not for building a calm, profitable practice. Treating Bookkeeping as a Once-a-Year Event Many clinicians treat bookkeeping as a once-a-year event. "Doing the books" means scrambling every March or April to pull together a year's worth of bank activity and receipts. By the tim

Tax deadlines sneak up on busy founders and small business owners every year. Staying ahead of them isn’t just about avoiding penalties; it protects cash flow, keeps investors confident, and lets you stay focused on growth. Key federal tax deadlines for startups and small businesses For most calendar‑year businesses, these are the main income tax filing dates to watch. Form 1040 for sole proprietors and single‑member LLCs is generally due April 15, with a typical extension to