Hamza Fida
Chartered Accountant at Tax Bakers. Advisory and corporate finance.
About Hamza
Works on the bigger picture: financial models, valuations, budgets and CFO-level advisory usually reserved for in-house teams. Hamza works with founders preparing to raise, expand or simply understand their numbers with confidence.
108 guides written by Hamza
- Which state should you form your LLC in
- LLC vs sole proprietorship: when forming a company is worth it
- Wyoming vs Delaware LLC
- Wyoming vs New Mexico LLC
- What is an LLC operating agreement and what should it include
- Articles of Organization explained
- How long does it take to form an LLC
- What to do after forming your LLC: a first 90 days checklist
- What is a DBA and when do you need one
- How to dissolve an LLC properly
- Business licenses and permits after forming an LLC
- How to form an LLC in Alaska
- How to form an LLC in Arizona
- How to form an LLC in Arkansas
- How to form an LLC in Delaware
- How to form an LLC in Florida
- How to form an LLC in Louisiana
- How to form an LLC in Michigan
- How to form an LLC in New Jersey
- How to form an LLC in Texas
- How to form an LLC in Washington DC
- Arkansas LLC annual report and yearly fees: what is due and when
- California LLC annual report and yearly fees: what is due and when
- Delaware LLC annual report and yearly fees: what is due and when
- Idaho LLC annual report and yearly fees: what is due and when
- Maine LLC annual report and yearly fees: what is due and when
- Massachusetts LLC annual report and yearly fees: what is due and when
- Minnesota LLC annual report and yearly fees: what is due and when
- North Dakota LLC annual report and yearly fees: what is due and when
- Oklahoma LLC annual report and yearly fees: what is due and when
- Rhode Island LLC annual report and yearly fees: what is due and when
- Texas LLC annual report and yearly fees: what is due and when
- Virginia LLC annual report and yearly fees: what is due and when
- Washington DC LLC annual report and yearly fees: what is due and when
- Wyoming LLC annual report and yearly fees: what is due and when
- Do foreign-owned US LLCs pay US tax
- Do you need a US address to form an LLC
- W-8BEN vs W-8BEN-E vs W-8ECI: which form to give
- Does a foreign LLC owner need to file a personal US return
- Can a non-resident be on the payroll of their own US company
- How to close a foreign-owned US LLC and file the final returns
- US LLC for founders in the UAE
- US LLC for founders in Canada
- What is an EIN and who needs one
- EIN vs ITIN vs SSN: the difference
- What is an ITIN and who needs one
- Does a single-member LLC need an EIN
- How to change the address or responsible party on your EIN
- EIN responsible party: who to name
- ITIN application rejected: common reasons and how to reapply
- Documents banks ask for when you open an LLC account
- Online business banks vs traditional banks for a new LLC
- How LLCs are taxed: the four options
- Business expenses you can deduct: a working list
- Franchise tax explained: which states charge it
- Start-up and organizational costs: what you can deduct in year one
- Meals, travel and entertainment: what is deductible
- Depreciation, Section 179 and bonus depreciation in plain English
- States with no income tax: what that means for your business
- Hobby or business: how the IRS decides
- Form 1096: the cover sheet for paper 1099s
- Forms 1042 and 1042-S: reporting payments to foreign persons
- Form 941: the quarterly payroll return
- Form 4562: depreciation and Section 179
- Form 8995: the qualified business income deduction
- Form 1120-F: the return for a foreign corporation
- Form 3520: reporting gifts and money received from abroad
- How to file taxes as a freelancer: a first-year guide
- Do freelancers need an LLC
- Taxes for rideshare and delivery drivers
- Taxes for online coaches and course creators
- Inventory and cost of goods sold for online sellers
- Bookkeeping for eBay sellers
- Print on demand taxes
- States with no sales tax: what sellers need to know
- Alaska local sales tax for remote sellers
- Streamlined Sales Tax registration explained
- Arkansas sales tax for online sellers: nexus, permit and filing
- Maryland sales tax for online sellers: nexus, permit and filing
- Massachusetts sales tax for online sellers: nexus, permit and filing
- New Jersey sales tax for online sellers: nexus, permit and filing
- Tennessee sales tax for online sellers: nexus, permit and filing
- Texas sales tax for online sellers: nexus, permit and filing
- Vermont sales tax for online sellers: nexus, permit and filing
- Washington DC sales tax for online sellers: nexus, permit and filing
- Year-end bookkeeping checklist before you file
- How to set up a chart of accounts
- How long to keep business records
- QuickBooks vs Xero vs Wave
- Owner draws and contributions: recording money in and out
- Accounts receivable and accounts payable basics
- When to hire a bookkeeper
- Bookkeeping for rental property owners
- Independent contractor or employee: how the IRS tells them apart
- How to run payroll for the first time
- Payroll taxes explained: FICA, FUTA and state unemployment
- State unemployment tax: how to register
- Backup withholding: when you must withhold from a contractor
- Trust fund recovery penalty: why unpaid payroll tax becomes personal
- How to file back taxes for a business
- First-time penalty abatement: who qualifies and how to ask
- Underpaid estimated tax: the penalty and the safe harbors
- Your LLC never filed a return: what happens and how to fix it
- Reasonable cause: asking the IRS to remove a penalty
- IRS notice CP14: you have a balance due
- IRS notice CP259: a business return is missing
- IRS audits: what triggers one for a small business
- How to amend a business tax return
108 guides reviewed by Hamza
- How to start an LLC in the US: the full process step by step
- Delaware vs Nevada LLC
- How to name your LLC: rules and name availability checks
- How to form a C corporation
- What is a series LLC
- Holding company LLCs: what they are and how to set one up
- How to change your LLC's name, address or members
- Certificate of good standing: what it is and how to get one
- How to form an LLC in California
- How to form an LLC in Georgia
- How to form an LLC in Hawaii
- How to form an LLC in Illinois
- How to form an LLC in Iowa
- How to form an LLC in Massachusetts
- How to form an LLC in Missouri
- How to form an LLC in New Hampshire
- How to form an LLC in New Mexico
- How to form an LLC in Utah
- How to form an LLC in Virginia
- How to form an LLC in West Virginia
- How to form an LLC in Wisconsin
- Alaska LLC annual report and yearly fees: what is due and when
- Colorado LLC annual report and yearly fees: what is due and when
- Iowa LLC annual report and yearly fees: what is due and when
- Michigan LLC annual report and yearly fees: what is due and when
- Montana LLC annual report and yearly fees: what is due and when
- Tennessee LLC annual report and yearly fees: what is due and when
- Utah LLC annual report and yearly fees: what is due and when
- Washington LLC annual report and yearly fees: what is due and when
- How to open a US LLC from outside the US
- Effectively connected income explained for foreign owners
- US trade or business: what counts for a foreign-owned LLC
- Do you need a visa to own a US company
- How non-residents take money out of a US LLC
- Resident or non-resident for US tax: the substantial presence test
- Can a non-resident own an S corporation
- Dormant US LLC: what you still have to file
- Tax treaties and your US LLC: how they change what you owe
- Signing and filing US forms from abroad: e-signature, fax and mail
- US LLC for founders in Nigeria
- How to get an EIN online
- Can you get an ITIN without filing a tax return
- How to close your EIN account with the IRS
- Certifying Acceptance Agents: what they do and when to use one
- What an ITIN can and cannot be used for
- Moving from an ITIN to an SSN: what to tell the IRS
- How to set up PayPal Business for a US LLC
- Business credit cards for a new LLC: what you need to qualify
- S corp election: when it saves tax and when it doesn't
- Reasonable salary for S corp owners
- Home office deduction: who qualifies and how to calculate it
- Capital contributions vs loans to your own LLC
- How states tax LLC and S corp income
- Late S corp election: how to get relief
- Form 1099-NEC: who files and who receives it
- Form 1099-K: what it shows and how to report it
- Form 1120-S: the S corporation return
- Form W-8BEN-E: how to fill it in for a foreign company
- Form 1099-MISC: what still goes on it
- Form 940: federal unemployment tax
- Forms W-2 and W-3: year-end wage reporting
- Form 5472: who files, what to report and the deadline
- 1099 vs W-2: what changes for your taxes
- Do you have to report income if you didn't get a 1099
- Sole proprietor taxes: how they work
- Health insurance deduction for the self-employed
- Taxes for content creators and influencers
- Taxes for Airbnb and short-term rental hosts
- Your first US tax return after moving to the US
- Do you need an LLC to sell on Amazon
- Amazon FBA taxes: everything a seller has to file
- eBay seller taxes: income tax, 1099-K and sales tax
- Shopify sales tax: how to set it up properly
- Bookkeeping for Amazon sellers: reading your settlement reports
- Selling on Amazon US from outside the US
- Dropshipping profit tracking: fees, refunds and true margin
- Economic nexus explained: when out-of-state sales create a tax duty
- Physical nexus vs economic nexus
- Sales tax on services: which states tax them
- Sales tax exemptions: who qualifies and the certificates to keep
- California sales tax for online sellers: nexus, permit and filing
- Colorado sales tax for online sellers: nexus, permit and filing
- Hawaii sales tax for online sellers: nexus, permit and filing
- Idaho sales tax for online sellers: nexus, permit and filing
- Iowa sales tax for online sellers: nexus, permit and filing
- Mississippi sales tax for online sellers: nexus, permit and filing
- Nevada sales tax for online sellers: nexus, permit and filing
- New York sales tax for online sellers: nexus, permit and filing
- North Carolina sales tax for online sellers: nexus, permit and filing
- Rhode Island sales tax for online sellers: nexus, permit and filing
- Washington sales tax for online sellers: nexus, permit and filing
- Catch-up bookkeeping: fixing months or years of missing books
- How to categorize business expenses
- How to read a balance sheet
- Month-end close checklist for small businesses
- Getting your books ready for a loan or an investor
- Bookkeeping for restaurants
- Bookkeeping for agencies and consultancies
- S corp owner payroll: how to put yourself on payroll
- Accountable plans: reimbursing expenses tax-free
- Year-end tax planning checklist for small businesses
- Late Form 5472: the penalty and how to ask for relief
- Late partnership and S corp returns: how the penalty is worked out
- IRS notice CP2000: what it means and how to respond
- How to read an IRS notice and respond on time
- How to pay the IRS: EFTPS, Direct Pay and paying from abroad
- How far back can the IRS go: the statute of limitations
- Choosing a tax preparer: PTIN, EA and CPA explained