How Self-Employment Tax Works and Common Self-Employed Tax Deductions

Whether you're a seasoned sole proprietorship or just starting out with your self-employed small business, learn how to manage your business expenses and maximize your tax deductions with QuickBooks. In this video, learn tips on how to stay ready for tax time with organized books year-round, so it's easier to watch out for potential self-employment tax [...]

Christmas 2024 Playlist

All of us at Cozby & Company want to wish you and yours a very merry Christmas! Take some time to kick back and enjoy this relaxing and nostalgic Christmas playlist.

New Massachusetts Form PC Filing Requirements

Effective September 1, 2023, Massachusetts Division of Charities no longer accepts a paper copy of Form PC. They have a new electronic filing system on their website called the Charity Portal. This system does not interface with any professional tax preparation software and the entire Form PC will have to be manually entered by a third-party [...]

Sole Proprietorship

Massachusetts follows most federal laws for small businesses. The majority of small businesses are sole proprietorships. A sole proprietor is an unincorporated business with one owner who pays personal income tax on business profits. A sole proprietor will complete Schedule C. Schedule C acts as a profit or loss statement for your business and is a [...]

Partnerships

If you have a business partner, this video is for you! A partnership is an arrangement between two or more persons to carry on a trade or business. Each person contributes money, property, labor, or skills, and expects to share in the profits and losses of the business. The partnership passes through any profits or losses [...]

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