Taxes-Self Employed, Professionals & Freelancers
● How to Choose a Tax PreparerSee the "About Us" tab and the "Why a CPA" page for information on how to protect yourself from fraud by using a reputable, licensed, tax professional.
● Are You Working in the Gig Economy?
Gig economy workers may qualify for various tax breaks. See this LinkedIn article from Ray for more info. #self-employed #freelance #gig economy #TaxSavings #KulzickCPA (12.12.2017 - © 2017 R. Kulzick)
● 5 Tax Tips for Cash Intensive Small Businesses in the Sharing Economy --The IRS offers five basic tax tips for firms that either receive large cash income or are part of the sharing economy.
Tips include how to report tips and that large cash receipts must be reported within 15 days. (5.02.2017)
● Received a 1099-MISC? What To Do Next --You've received a 1099-MISC with money indicated in box 7 - Nonemployee compensation. What's this and what do you do with it?
See this LinkedIn article of mine for what it means and what to do next. (1.31.2017 - © 2017 R. Kulzick)
● Last-minute tax tips for entrepreneurs in 2016 -- Here are a few things entrepreneurs can do before year-end to lower their 2016 tax bills. Not every suggestion is a good idea for everyone.
It's important to stay in touch with your tax professional throughout the year for tips that could be more tailored to your specific business.
There are literally thousands of other ways to reduce your business tax bill, many are limited to certain situations or types of businesses. Contact us regarding tax breaks for your particular business. (11.11.2016)
● Temporary job? Freelancer? Summer Job? Take Care of Taxes Now to Avoid Later Problems --
If you are working at a temporary job, a freelance job, a project job, your first summer job, or other non-permanent employment, taxes can be more complicated for you. The time to avoid problems is now, not at tax filing time.
This LinkedIn post from us explains the importance of understanding your exact tax position in advance and links to a Wall Street Journal article with further tips on staying out of tax trouble. Check with us to discuss the specifics of your particular situation as they can vary significantly. (7.23.2016 - © 2016 R. Kulzick)
● I'm a Freelancer - How Do I File My Taxes?
This LinkedIn post from us explains how a freelancer files their taxes, depending on their employment status: employee or independent contractor. There are many facts and circumstances that can impact the appropriate way to report your income and receive all the deductions you are entitled to under the tax law. Contact a professional - we can help. (3.15.2016 - © 2016 R. Kulzick)
● Time to Start Thinking About Taxes It's that time of year again for both individuals and businesses to start thinking about filing their taxes. My article on LinkedIn discusses the various types of professionals who are licensed to assist in that process. Also shows how to verify their licenses. (1.26.2016 - © 2016 R. Kulzick)
● For the latest changes from the PATH act - effective 12.18.2015, please see the outlines under Individuals/Taxes and Business/Taxes.