Working from home, self-employed, or freelancing? Whatever word you choose, just thinking about keeping track of your income and expenses can be overwhelming. It does not have to be. This easy to follow guide will answer all of your questions and help you set up your self-employed business reports for easy filing of the Federal Income Tax Form Schedule C.
The self-employed have a very confusing set of tax rules when it comes to expenses and deductions. For example, do you know what to do with freebies? Do you know whether you are allowed the home office deduction?
Being self-employed is a lot of fun and can be quite rewarding, don't let the hassle of recordkeeping frustrate you. With this easy guide you'll be in self employment paradise in no time.