There are a lot of considerations regarding taxes for the self-employed. We’ve put together a little guide to help you navigate through the often troublesome, sometimes murky tax requirements.

The Self Employed Tax Guide attempts to provides small business owners and the self-employed with a one-stop resource to staying in compliance with the filing requirements and minimizing the financial burden imposed by several layers of government.

Table of Contents

  1. Small Business Tax Forms
    1. Federal, State & Local
    2. Payroll Requirements
    3. Employee or Contractor
    4. Estimated Tax Payments
  2. Entity Selection
    1. S Corp, C Corp or LLC
    2. Reasonable Compensation
  3. Income
    1. Accrual vs Cash Method
    2. Gifts and Donations
    3. Running a Rental
    4. Capital Gains & Losses
    5. Miscellaneous Income
  4. Tax Deductions
    1. General Business
    2. Retirement Plan
    3. Home Office
    4. Renting a Building
    5. Travel Expenses
    6. Meals & Entertainment
    7. Business Gifts
    8. Depreciation & Amortization
    9. Hiring Your Children
    10. Charitable Donations
    11. Hobby Loss Rules
    12. Time Donated
    13. Clients that Don’t Pay
  5. Payments, Audits & Collections
    1. Tax Credits
    2. SE Tax
  6. Year End Strategies
    1. Year End Tax Planning