Learn how to navigate the complicated rules for writing off the expenses of starting your own business. It could save you a lot of money.

A sole proprietor reports the sole proprietorship income and/or losses and expenses by filling out and filing a Schedule C, along with the standard Form 1040. Your profits and losses are first ...

As a sole proprietor, there is no legal separation between you and your business. Still, it's beneficial to separate your business and personal expenses to simplify your bookkeeping and taxes.