Self-Employed Taxes

& Small Business Tax Services

Helping Entrepreneurs Keep More of What They Earn.

Did you know that self-employment is different from Business Taxes?

Were you given a 1099-NEC or Work Summary Report because you were an Independent Contractor?

Did you drive for UBER, LYFT, DoorDash, Instacart, etc.?

Did you own a Non-Profit Organization?

Being self-employed comes with greater flexibility but also greater tax responsibilities. Whether you're freelancing, driving for a rideshare company, selling online, or operating a growing business, we're here to help you stay compliant and maximize your deductions.

Generally, individuals with net self-employment earnings of $400 or more must file a federal tax return and pay self-employment tax, even if they owe little or no income tax. Estimated tax payments are typically required when you expect to owe at least $1,000 in tax after withholding and credits.

What Is Self-Employment Tax Preparation?

Self-employed taxpayers report both their business income and expenses on their individual tax return. Unlike employees, self-employed individuals are generally responsible for paying both income tax and self-employment tax, which covers Social Security and Medicare contributions.

Proper tax planning can help reduce your taxable income while ensuring compliance with IRS requirements.

Who Is This Service For?

Sole Proprietors
Independent Contractors
Freelancers
Consultants
Gig Economy Workers
Rideshare Drivers & Delivery Drivers
Realtors
Hairstylists & Barbers
Content Creators & Influencers
Online Sellers & Amazon Sellers
Etsy Shop Owners
E-commerce Businesses
Real Estate Professionals
Home-Based Businesses
Single-Member LLCs

Common Tax Credits for Self-Employed Individuals

Many self-employed taxpayers don't realize they may qualify for business tax credits in addition to deductions.

Examples include:

Small Business Health Care Tax Credit
Work Opportunity Tax Credit (if hiring eligible employees)
Research & Development (R&D) Tax Credit (for qualifying businesses)
Employer Retirement Plan Startup Credit
Disabled Access Credit
Employer-Provided Childcare Credit
Energy Efficiency & Clean Energy Business Credits
General Business Credit (combines multiple eligible business credits)

Common Self-Employed Deductions

Business owners and independent contractors may deduct ordinary and necessary business expenses, including:

Home Office
Business Mileage or Actual Vehicle Expenses
Office Supplies
Computers & Equipment
Cell Phone & Internet (business use)
Business Insurance
Professional Licenses & Fees
Continuing Education
Advertising, Marketing, Website Design & Host
Software & Subscriptions
Accounting, Tax Preparation Fees, & Legal Fees
Rent or Office Lease
Utilities
Business Travel & Meals (when allowed)
Shipping & Postage
Employee or Contractor Payments
Retirement Contributions (SEP IRA, Solo 401(k), SIMPLE IRA)
Health Insurance Premiums (when eligible)
Startup Expenses (new businesses)
Depreciation or Section 179 Deductions for qualifying assets

Estimated Quarterly Taxes & Common Tax Forms

Many self-employed individuals are required to make quarterly estimated tax payments throughout the year.

Missing these payments may result in IRS penalties and interest.

We help calculate:

Estimated Federal Taxes
Estimated State Taxes
Quarterly Payment Planning

Depending on your business, you may receive or file:

Schedule C
Schedule SE
Form 1099-NEC
Form 1099-K
Form 1099-MISC
Business expense documentation

Business Tips & News

Publication 535 is the IRS Resource for all things business. Use the link above to see what credits and deductions are available to you as a business owner.

A business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your industry. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary.

The costs of getting started in business, before you actually begin business operations, are capital expenses. These costs may include expenses for advertising, travel, or wages for training employees.

**** Not every deduction or credit applies to every taxpayer or business. Eligibility depends on your income, filing status, business structure, industry, documentation, and current IRS regulations. During your consultation, we'll identify every deduction and credit you may legally qualify to claim.

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