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TaxFi Solutions

Sole Proprietors

Whether you're a freelancer, consultant, or sole proprietor running a one-person business, this section is built for you. Explore practical tax tips, deduction strategies, and compliance guides tailored to self-employed professionals. From quarterly estimated taxes to recordkeeping and maximizing write-offs, we’ll help you simplify your tax life and keep more of what you earn.

Employee break room time clock used for tracking work hours related to the overtime deduction.

Employee break room time clock used for tracking work hours related to the overtime deduction.

New Overtime Deduction for 2025–2028: Key Clarifications from the November 2025 IRS Guidance

Christian Wolff

Nov 292 min read

Modern residential house with well-maintained landscaping, showcasing distinct building components such as exterior lighting, walkways, roofing, and attached garage—elements that may be evaluated separately in a cost segregation study for accelerated depreciation.

Modern residential house with well-maintained landscaping, showcasing distinct building components such as exterior lighting, walkways, roofing, and attached garage—elements that may be evaluated separately in a cost segregation study for accelerated depreciation.

A Cost Segregation Study: Accelerated Depreciation for Real Estate Owners

Christian Wolff

Oct 84 min read

A luxurious, modern home with elegant outdoor seating and large windows, showcasing an inviting short-term rental property designed for guests seeking comfort and upscale amenities.

A luxurious, modern home with elegant outdoor seating and large windows, showcasing an inviting short-term rental property designed for guests seeking comfort and upscale amenities.

Understanding the Tax Treatment of Short-Term Rentals: Schedule C vs. Schedule E

Christian Wolff

Sep 285 min read

Symbolic image of a door and handle representing the 'backdoor' entry to a Roth account through the mega backdoor Roth strategy.

Symbolic image of a door and handle representing the 'backdoor' entry to a Roth account through the mega backdoor Roth strategy.

What Is a Mega Backdoor Roth?

Christian Wolff

Sep 213 min read

Photo of a nearly completed puzzle with the final piece being added, symbolizing completing a Roth IRA conversion strategy for a secure retirement.

Photo of a nearly completed puzzle with the final piece being added, symbolizing completing a Roth IRA conversion strategy for a secure retirement.

Converting Your 401(k) to a Roth IRA While You're Still Working? Yep, It’s Possible.

Christian Wolff

Sep 174 min read

Blue pickup truck parked on a street, representing a personal vehicle used for business. Ideal for illustrating IRS mileage deductions, including the 2025 standard mileage rate of 70 cents per mile and common tax strategies for self-employed individuals, gig workers, and small business owners.

Blue pickup truck parked on a street, representing a personal vehicle used for business. Ideal for illustrating IRS mileage deductions, including the 2025 standard mileage rate of 70 cents per mile and common tax strategies for self-employed individuals, gig workers, and small business owners.

Standard Mileage Rate: What You Can (and Can’t) Deduct for Business Vehicle Use

Christian Wolff

Sep 105 min read

Three professionals having a business meeting in a modern office, discussing corporate and tax strategies.

Three professionals having a business meeting in a modern office, discussing corporate and tax strategies.

What Is an S Corporation? A Guide to This Tax-Saving Business Structure

Christian Wolff

Aug 245 min read

If you're a farmer, landowner, or just someone with an eye on rural tax policy, there's something in the recently passed One Big Beautiful Bill Act (OBBBA) that might interest you. One of the lesser-known—but potentially impactful—provisions of the bill is Section 70437, which introduces a new tax option for people selling farmland to other farmers.

If you're a farmer, landowner, or just someone with an eye on rural tax policy, there's something in the recently passed One Big Beautiful Bill Act (OBBBA) that might interest you. One of the lesser-known—but potentially impactful—provisions of the bill is Section 70437, which introduces a new tax option for people selling farmland to other farmers.

New Tax Break for Farmland Sales: What’s in the “One Big Beautiful Bill Act” for Farmers?

Christian Wolff

Aug 133 min read

The White House, the official residence and executive office of the President of the United States, viewed from the front with the American flag flying atop the building.

The White House, the official residence and executive office of the President of the United States, viewed from the front with the American flag flying atop the building.

Modernizing Federal Payments: What the New Executive Order Means for Americans

Christian Wolff

Aug 113 min read

Waiter carrying plates of food out of a restaurant kitchen, representing service industry workers affected by new tip income tax deduction law.

Waiter carrying plates of food out of a restaurant kitchen, representing service industry workers affected by new tip income tax deduction law.

💼 New Law Allows Tip Income Deduction: What Service Workers Need to Know

Christian Wolff

Aug 33 min read

Young businesswoman sitting at a desk, taking notes while reviewing financial information on her laptop — symbolizing small business owners preparing for upcoming IRS reporting rule changes.

Young businesswoman sitting at a desk, taking notes while reviewing financial information on her laptop — symbolizing small business owners preparing for upcoming IRS reporting rule changes.

OBBBA Changes Reporting Rules for Freelancers and Gig Workers

Christian Wolff

Jul 172 min read

Why Every Sole Proprietor Should Start with an LLC

Why Every Sole Proprietor Should Start with an LLC

Why Every Sole Proprietor Should Start with an LLC

Christian Wolff

Dec 30, 20245 min read

10 Tax Planning Tips for Sole Proprietors: Maximize Your Savings and Minimize Your Stress

10 Tax Planning Tips for Sole Proprietors: Maximize Your Savings and Minimize Your Stress

10 Tax Planning Tips for Sole Proprietors: Maximize Your Savings and Minimize Your Stress

Christian Wolff

Dec 29, 20244 min read

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