Napkins – Taxe – Napkin Finance

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Roth IRAs

Road to Retirement

A Roth IRA, or Individual Retirement Account, is one of the most common types of retirement savings...

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Income Taxes

Pay the Piper

Personal income tax is money the government collects from people based on how much they earned or...

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Partnerships

Passing Through

If you’re starting a business with someone else (or multiple people), the partnership is the most basic...

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Incorporating

Limited Liability

A corporation is one type of formal business structure that entrepreneurs can choose to use when starting...

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Estimated Taxes

Four Times the Fun

Estimated taxes are payments to the government that some people have to make four times a year....

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Retirement Savings for Contractors

Squirrel Away

If you’re a contractor, saving for retirement can be much more complicated than it is for employees....

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FSAs vs. HSAs

Health is Wealth

Health care FSAs and HSAs let you save money for out-of-pocket medical expenses (basically the things your...

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Taxes for Contractors

Welcome to the Gig Economy

A contractor, or freelancer, can be anyone who works for clients on a contract basis rather than...

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E-Filing

Signed, Sealed, Delivered

E-filing means filing your taxes online. You’ll still need all the same documents you’d use to file...

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IRA vs. 401(k)

Nest Eggs

IRAs and 401(k)s are two popular types of retirement savings accounts. Most people who work in the...

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Tax Deductions

Cut Rate

Tax deductions, such as for donations to charity or interest on student loans, are amounts that you...

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Revocable vs. Irrevocable Trusts

In Good Hands

A trust is a legal agreement allowing one person to transfer their assets to someone else via...

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Audit

Just Checking In

An audit can refer to any kind of official inspection of financial statements—usually to make sure that...

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Charitable Remainder Trusts

Big Love

A charitable remainder trust is a financial tool that can provide a steady source of income while...

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Tax Loss Harvesting

Cut Your Losses

Tax loss harvesting is a trading strategy investors can use to try to reduce their taxes. It’s...

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Capital Gains Tax

The Taxman Cometh

If something you own goes up in value and you sell it, then you’ve made a profit....

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Tax Form 1040

Any Way, Shape, or Form

The IRS’s Form 1040 is the master form that most people use to file their tax returns...

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Estate Planning

Bite the Dust

Estate planning is the process of figuring out what will happen to your stuff after you die....

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Tax Refunds

Check’s in the Mail

If you pay more than your fair share in taxes over the course of a year, you’re...

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Philanthropy

Greater Good

Philanthropy is giving back. It’s paying forward the resources you have—whether your money, or physical goods, or...

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Trustee

Handle With Care

A trustee can be an institution or an individual that is given the power to manage and...

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Tax Withholding

To Have and Withhold

Tax withholding is money your employer takes out of your paycheck each pay period. Your employer then...

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1099 vs. W-2 Employee

Bring Home the Bacon

1099s and W-2s are both types of tax forms. If you’re a contractor, you should receive one...

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Form W-2

Company Man

The W-2 is a tax form your employer must complete at the start of each year to...

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Social Security

Safety Net

Social Security is a government program that takes in taxpayer dollars and pays out benefits to older...

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Tax Returns

Not-So-Happy Returns

Most people pay taxes throughout the year. When you file a tax return, you calculate how much...

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Trusts

Pennies From Heaven

A trust is a legal document that allows a person (the trustee) to hold the assets of...

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Taxes

Pay Up

Taxes are funds that people and companies must pay to the government.

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Independent Contractor

Free Agent

An independent contractor is someone who is self-employed and works for clients as a nonemployee. Independent contractors...

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