What Happens If You Miss a Quarterly Estimated Tax Payment?

What Happens If You Miss a Quarterly Estimated Tax Payment?

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Receipt Cat Staff

posted on

April 29, 2023

As a freelancer, independent contractor, or self-employed worker, Tax Day can be more than just an annual hassle. In fact, depending on your self-employment income, you may be responsible for making estimated tax payments four times a year.

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Step-by-Step: Cancelling Automatic Payments on PayPal

Step-by-Step: Cancelling Automatic Payments on PayPal

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Receipt Cat Staff

posted on

April 28, 2023

This guide will walk you through the process step-by-step to cancel automatic payments on PayPal, allowing you to keep your hard-earned money in your bank account when you decide to cancel a service.

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Dispelling the Myth: Paper Receipts and Tax Returns

Dispelling the Myth: Paper Receipts and Tax Returns

By

Receipt Cat Staff

posted on

April 27, 2023

Receipts can be misplaced, damaged, or illegible, causing undue stress for business owners. Fortunately, there is a simple solution to this problem: paper receipts are unnecessary.

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All About Tax-Deductible Charitable Contributions

All About Tax-Deductible Charitable Contributions

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Receipt Cat Staff

posted on

April 26, 2023

There are numerous ways to aid those in need during these difficult times, whether you have already donated to charity or are contemplating doing so. However, you may have questions regarding which charitable donations are eligible for tax deductions.

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Ways to Deposit Cash: Physical Banks, ATMs, and Online Banks

Ways to Deposit Cash: Physical Banks, ATMs, and Online Banks

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Receipt Cat Staff

posted on

April 25, 2023

If you find yourself in a situation where you need to deposit cash into your bank account, don't worry, there are various options available to you.

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Top Expense Reporting Tools: Efficient Apps for Managing Your Expenses

Top Expense Reporting Tools: Efficient Apps for Managing Your Expenses

By

Receipt Catt Staff

posted on

April 24, 2023

n this article, you will discover some of the best expense report apps and their advantages, as well as free options. By the time you reach the end, we hope you will have found the best expense tracking app for your business.

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Maximizing Tax Savings: Why Small Business Owners Should Write Off Business Expenses

Maximizing Tax Savings: Why Small Business Owners Should Write Off Business Expenses

By

Receipt Cat Staff

posted on

April 22, 2023

As a small business owner, it’s important to take advantage of every opportunity to reduce your tax liability and save money.

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The Best Tips on How to Avoid Paying Taxes on Your 1099 Income

The Best Tips on How to Avoid Paying Taxes on Your 1099 Income

By

Receipt Cat Staff

posted on

April 21, 2023

It's no secret that taxpayers often wish for a loophole that could magically reduce their tax payments to zero.

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How Much Cash Can You Deposit Before It Is Reported?

How Much Cash Can You Deposit Before It Is Reported?

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Receipt Cat Staff

posted on

April 13, 2023

When you deposit over $10,000 in cash into your bank account, the bank is required to notify the government of the transaction.

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Rent Write-Offs for the Self-Employed

Rent Write-Offs for the Self-Employed

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Receipt Cat Staff

posted on

April 10, 2023

For most people, rent is not tax-deductible. However, if you're self-employed, it can be a significant source of tax savings if you treat it as a business expense.

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Can a Gym Membership Be a Tax Write-Off?

Can a Gym Membership Be a Tax Write-Off?

By

Receipt Cat Staff

posted on

April 9, 2023

Are you wondering if you can deduct your gym membership as a business expense on your taxes? Read this article to find out.

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How to Get a Receipt From eBay

How to Get a Receipt From eBay

By

Receipt Cat Staff

posted on

April 8, 2023

In this article, we will delve into the technique for acquiring a duplicate of your eBay receipt, enabling you to keep your financial records organized.

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Adding Money To Paypal From a Debit Card in 2023

Adding Money To Paypal From a Debit Card in 2023

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Receipt Cat Staff

posted on

April 7, 2023

You can either use your existing PayPal balance and email address or choose an alternative payment method such as a bank transfer or a debit card. Here's a guide on how to do both.

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PayPal 1099-K: A Guide for Freelancers and Sellers

PayPal 1099-K: A Guide for Freelancers and Sellers

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Receipt Cat Staff

posted on

April 6, 2023

If you generate income through your website, or managing multiple clients as a freelancer, chances are you'll receive payments via PayPal. In this guide, we'll explain who gets a PayPal 1099-K, what to do with it, and how to file your self-employment taxes.

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Receipt Organizer Software: The Top 8 Solutions

Receipt Organizer Software: The Top 8 Solutions

By

Receipt Cat Staff

posted on

April 5, 2023

The task of scanning numerous new receipts or sorting through your existing collection of invoices can be time-consuming and expensive. Luckily, receipt organizer software provides an efficient solution for storing and organizing your receipts digitally.

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Debit vs Credit: Bookkeeping 101

Debit vs Credit: Bookkeeping 101

By

receipt Cat Staff

posted on

April 4, 2023

Bookkeeping relies on debits and credits to ensure that a company's financial records are balanced. Debits are used to increase asset or expense accounts, while decreasing liability, revenue or equity accounts. Credits do the opposite.

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Twitch Streamers and Taxes 101

Twitch Streamers and Taxes 101

By

Receipt Cat Staff

posted on

April 3, 2023

If you earn over $400 in profit in a given year, which is calculated after deducting expenses, you should assume that you owe taxes as an independent contractor, including those who earn money from streaming.

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Top Benefits of Using a Receipt Scanner App

Top Benefits of Using a Receipt Scanner App

By

Receipt Cat Staff

posted on

April 2, 2023

In this article, we'll explore the different options available for receipt scanning and delve into the reasons why this technology has become so popular. Most importantly, we'll take a look at the benefits of using a receipt scanner app.

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How To Transfer Funds from PayPal to Your Bank Account

How To Transfer Funds from PayPal to Your Bank Account

By

Receipt Cat Staff

posted on

April 1, 2023

Transferring funds from PayPal to your bank account is a relatively straightforward process. Keep reading to learn more about how to do it safely and securely.

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Small Business Bookkeeping 101

Small Business Bookkeeping 101

By

Receipt Cat Staff

posted on

March 31, 2023

Effective bookkeeping is essential for the success of any small business. It involves organizing and categorizing all financial transactions to get a clear picture of the flow of money in and out of the business.

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A Simple Guide to Cancelling PayPal Transactions

A Simple Guide to Cancelling PayPal Transactions

By

Receipt Cat Staff

posted on

March 26, 2023

Whether you accidentally paid the wrong person or the deal fell through, here's a guide on how to cancel a PayPal transaction, and what to do if cancellation isn't possible.

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How to Print a Receipt from PayPal: Step by Step Guide

How to Print a Receipt from PayPal: Step by Step Guide

By

Receipt Cat Staff

posted on

March 25, 2023

PayPal provides a simple and convenient way to track all your transactions, and it also allows you to print receipts for your records. In this article, we will guide you on how to print a receipt from PayPal.

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Combining the Standard Deduction and Business Expense Deductions: Can You Do Both?

Combining the Standard Deduction and Business Expense Deductions: Can You Do Both?

By

Receipt Cat Staff

posted on

March 24, 2023

It's no surprise that self-employed individuals strive to minimize their taxable income as much as possible. A frequently asked question is whether they can claim the standard deduction while still deducting business expenses.

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Best Expense Tracker Apps for Small Businesses

Best Expense Tracker Apps for Small Businesses

By

Receipt Cat Staff

posted on

March 24, 2023

Tracking expenses is crucial for any business, as it helps maintain a healthy cash flow and supports informed decision-making. Properly managing expenses allows businesses to understand their financial position, identify potential savings, and ensure tax compliance.

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How to Calculate the Break-Even Point

How to Calculate the Break-Even Point

By

Receipt Cat Staff

posted on

March 22, 2023

The break-even point is a financial term that refers to the level of sales at which a business covers all its costs and makes neither a profit nor a loss. It is the point where the revenue generated by the business equals the total costs incurred.

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The Top Websites to Sell Your Designs & Artwork

The Top Websites to Sell Your Designs & Artwork

By

Receipt Cat Staff

posted on

March 22, 2023

In this blog, we'll explore some of the best websites for selling artwork online, providing artists with an easy and convenient way to sell their creations and earn money directly.

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Understanding PayPal Transfer Limits

Understanding PayPal Transfer Limits

By

Receipt Cat Staff

posted on

March 22, 2023

PayPal's transfer limits are in place to protect users and their PayPal balances, and they serve as a security measure to prevent unauthorized or erroneous transfers. Learn more about PayPal limits in this article.

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Understanding Gross Receipts

Understanding Gross Receipts

By

Receipt Cat Staff

posted on

March 21, 2023

The Internal Revenue Service defines gross receipts as the complete amount of money your business has earned from all sources within a year. Depending on the organizational style, businesses compute this either monthly, quarterly, or yearly.

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How Much Money Can I Make Without Having to File Taxes?

How Much Money Can I Make Without Having to File Taxes?

By

Receipt Cat Staff

posted on

March 21, 2023

Filing taxes is a crucial part of adult life in the United States, but the amount of money you need to earn to file a federal income tax return can vary depending on a few different factors.

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The Best Receipt Scanning Apps for 2023

The Best Receipt Scanning Apps for 2023

By

Receipt Cat Staff

posted on

March 21, 2023

With so many receipt scanning apps available, it can be tough to decide which one is right for you. To make things easier, we've compiled a list of the top-performing receipt scanning apps.

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Can You Claim a Tax Deduction for Your Car Purchase?

Can You Claim a Tax Deduction for Your Car Purchase?

By

Receipt Cat Staff

posted on

March 21, 2023

Purchasing a new car is a major financial investment, especially if you plan to use it for both personal and business purposes. Fortunately, the IRS recognizes this and has created specific rules for tax deductions on cars purchased for work-related purposes.

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How Do I Find My Uber Receipt?

How Do I Find My Uber Receipt?

By

Receipt Cat Staff

posted on

March 21, 2023

Retrieving Uber receipts may not be immediately apparent to all users. In this blog post, we will guide you through the step-by-step process of retrieving your Uber receipts using the Uber app and website

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Top Ways to Make Money at Home in 2023

Top Ways to Make Money at Home in 2023

By

Receipt Cat Staff

posted on

March 21, 2023

If you're looking to achieve your financial goals by working from home on your own schedule, we've got you covered with a ton of ways to make money.

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How Do I Find My Apple Receipt?

How Do I Find My Apple Receipt?

By

Receipt Cat Staff

posted on

March 20, 2023

Retrieving receipts for App Store purchases may not be immediately apparent to all users. In this blog post, we will guide you through the step-by-step process of retrieving receipts from Apple for your App Store purchases.

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Maximize Your DoorDash Earnings in 2023

Maximize Your DoorDash Earnings in 2023

By

Receipt Cat Staff

posted on

March 20, 2023

DoorDash is a popular platform that has seen explosive growth in recent years, and as we move into 2023, it continues to be a profitable option for those looking to earn some extra income.

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How to Retrieve a Receipt From Walmart

How to Retrieve a Receipt From Walmart

By

Receipt Cat Staff

posted on

March 20, 2023

Retrieving your Walmart receipt from the Walmart website is an easy task that can be done in just a few simple steps. All you need to do is go to the Walmart website and follow the instructions outlined in this helpful article. Once you have completed these steps, you will be able to quickly and easily retrieve your Walmart receipt for any purchase you made.

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2023 YouTube Earnings: How Much Money Do YouTubers Really Make?

2023 YouTube Earnings: How Much Money Do YouTubers Really Make?

By

Receipt Cat Staff

posted on

March 20, 2023

So, just how much do these YouTubers make? In this article, we will cover the average pay rate for YouTube creators and provide you with valuable tips and tricks on how to create a successful YouTube channel.

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What Does “Please Confirm Receipt” Mean and How Is It Used?

What Does “Please Confirm Receipt” Mean and How Is It Used?

By

Receipt Cat Staff

posted on

March 19, 2023

The phrase "Please confirm receipt" is frequently used in business communication to acknowledge the receipt of a message or payment from the sender. If you want to improve your business correspondence, this article will be helpful.

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How to Keep Your Workspace Organized for Optimal Productivity

How to Keep Your Workspace Organized for Optimal Productivity

By

Receipt Cat Staff

posted on

November 12, 2022

Wherever you choose to do your job, having a clean environment can help you maintain mental clarity. Maintaining order is essential to achieving your highest productivity levels, whether working from home or in an office setting.

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Does the IRS Accept Digital Receipt Scans for Taxes?

Does the IRS Accept Digital Receipt Scans for Taxes?

By

Receipt Cat Staff

posted on

November 9, 2022

If you are hoping to simplify this procedure by scanning your receipts, you may be wondering whether or not the Internal Revenue Service would accept your scanned receipts. Do scans of receipts have the same legal weight as the original paper versions when it comes to supporting tax write-offs?

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What Are The Differences Between Tax Deductions And Tax Credits?

What Are The Differences Between Tax Deductions And Tax Credits?

By

Receipt Cat Staff

posted on

November 2, 2022

Are you aware that tax deductions and tax credits bring about a reduction in our tax liability via entirely different mechanisms? In other words, tax deductions and tax credits aren't the same thing, although many individuals often are under the impression that they are.

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How to Scan and Organize Digital Receipts

How to Scan and Organize Digital Receipts

By

Receipt Cat Staff

posted on

October 31, 2022

Consider all of the receipts you've accumulated this year. Do you have a strategy for organizing all those receipts? When you get to the end of the year and feel the pressure to have your taxes done, you’ll wish you kept track and organized your receipts.

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8 Practical Time-Saving Tips for Entrepreneurs

8 Practical Time-Saving Tips for Entrepreneurs

By

Receipt Cat Staff

posted on

October 26, 2022

Operating a successful business requires effective time management. Here’s our best time-saving recommendations to make better use of your time.

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How Your Business Can Grow Through Word-of-Mouth Referrals

How Your Business Can Grow Through Word-of-Mouth Referrals

By

Receipt Cat Staff

posted on

October 22, 2022

Does your business have satisfied and happy customers? Those customers are the key to the most effective methods to let others know about your business or company.

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The Importance of Keeping Track of Your Digital Receipts

The Importance of Keeping Track of Your Digital Receipts

By

Receipt Cat Staff

posted on

October 17, 2022

Both small businesses and individuals are legally required to retain receipts and invoices for a minimum of seven years. Typically, this meant stacks of papers on your desk or in filing cabinets, which took up a lot of space but served little another purpose than to sit there and store documents.

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Why It Is Essential To Get a Business License

Why It Is Essential To Get a Business License

By

Receipt Cat Staff

posted on

October 13, 2022

Small business owners want to ensure that their operations are legal from the beginning. But, it is possible that you may not know what legal obligations you have. This article will explain how to obtain a U.S. business license and why it is important.

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How Long Do Small-Business Owners Need To Keep Receipts?

How Long Do Small-Business Owners Need To Keep Receipts?

By

Receipt Cat Staff

posted on

October 9, 2022

Receipts are proof of a sales transactions and it is important that you hang on to these receipts just in case you need to provide proof to the IRS or other entities, customers, etc. Two of the more common reasons to keep receipts are...

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How To Start a Successful Business By Using Direct Sales

How To Start a Successful Business By Using Direct Sales

By

Receipt Cat Staff

posted on

October 1, 2022

If a business doesn’t have steady revenue, it has little chance of success. In direct selling, it is critical to determine which strategies attract and keep consumers. These are five most effective direct sales strategies and how direct sales can make your small business or brand successful and profitable.

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Business Expense Write-Offs: Real-World Examples

Business Expense Write-Offs: Real-World Examples

By

Jordan Kennedy

posted on

August 23, 2022

You've heard that you should deduct your business expenses, but why? How do writing off business expenses help me save money? This article explores examples using realistic numbers to help you understand how deducting business expenses can help put money back in your pocket.

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How Much Money You Should Set Aside for Taxes

How Much Money You Should Set Aside for Taxes

By

Jordan Kennedy

posted on

July 4, 2022

You've taken the step towards working as an independent contractor, or you've decided to start your own business. Congrats! Being an independent worker can be be very fulfilling and exciting. However, one big question is probably bouncing around in your mind—how much money should I set aside for taxes?

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Small Business Tax Deductions: Everything You Can Write-Off

Small Business Tax Deductions: Everything You Can Write-Off

By

Jordan Kennedy

posted on

June 29, 2022

Tax deductions are a way that you can save significant money on your taxes. Small businesses can deduct all kinds of expenses, including travel, office supplies, and much more. Take a look at a comprehensive list of everything you could write-off this tax season.

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