Filing deadline is April 15th. Don't panic! Self-employed or entrepreneur? Filing deadline is April 15th. Don't panic! Self-employed or entrepreneur? This post is for you! Let's simplify complex taxes, as 71% of small businesses agree with its complexity!
Maximize Those Deductions to Win!
Home Office
Deduct expenses for the part of your home used exclusively for business. Average deduction is $5.30 per sq ft (IRS data).
Self-Employment Tax
Deduct one-half of your self-employment tax from your gross income, calculated on Schedule SE.
Meticulous Records
Use accounting software or hire a bookkeeper. Cloud accounting saves businesses 11 hours/month.
Don't Go It Alone!
Tax season is stressful, but you can get support. Consider a tax professional or CPA for personalized advice. Schedule a consultation today! Tag someone who needs these tips. Share this post!
And for my fellow tax professionals, we now have to have a Written Information Security Plan (WISP). As a cybersecurity, AI and tax professional, I have created a checklist and form for recording compliance with IRS guidelines which we can help you file. Reach out for more information.
Tax professional in need help with compliance with the IRS WISP requirements? MizComputer Digital can Help.