Are you your own boss? Do you have a trade or business that you run as a sole proprietor or independent contractor? Maybe you’re a member of a partnership, or you have a part-time business on the side. As exciting as this can be, it also brings certain fiscal responsibilities, like filing an annual tax return, paying estimated taxes every quarter, and handling self-employment tax. But knowing what you owe means knowing what you can deduct for expenses. For instance, you may be able to claim a home office deduction. Explore these tax insights to acquaint yourself with potential advantages you might not be utilizing to the fullest. It’s always recommended to seek guidance from your tax preparer or certified public accountant (CPA) for insights tailored to your unique tax circumstances. Don’t wait to get yourself organized for tax season. Year-end is right around the corner!
We found a great post we think you should read… 24 tax tips for self-employed clients by Accounting Today
About J&S Accounting
J&S Accounting offers full-service bookkeeping, payroll, and consulting services. Our team understands that well-organized financial records help your business run more efficiently. We are a woman and minority-owned accounting practice improving the financial management of small businesses and nonprofits in Savannah, GA and nationwide.
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