The Receipt Cat Blog

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.

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.

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.

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.

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.

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.

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

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

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

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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?

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.

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.

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

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.

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.

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.

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...

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.

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.

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?

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.