CPA for Freelancers

Taxes, Accounting, & Business Advice for the Self-Employed

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Individual and Business Tax Deadlines for New York and New Jersey Freelancers Affected by Hurricane Ida Extended to January 3, 2022

If you are an individual freelancer, sole proprietor, or business owner operating under another entity type in New York and New Jersey you may have until January 3, 2022, to file individual and business tax returns and make estimated tax payments, if you have been affected by Hurricane Ida. In addition to the filing deadline […]

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Check Out the IRS’s New Freelancer-Friendly Estimated Tax Tool

It’s no secret that the freelance and gig economy is growing, which means more self-employed people who must pay taxes. This fact hasn’t gone unnoticed by the Internal Revenue Service (IRS) which, of course, has a special interest in ensuring that self-employed individuals pay all the taxes they are obligated to in a timely fashion. […]

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Freelancers: Don’t Miss This Key Deadline for W-2s and 1099s

If you have ever been employed, you are likely familiar with the W-2 tax form (a.k.a. the IRS “Wage and Tax Statement”).  An employer must send a copy of this form to their employee and one to the IRS to report wages paid and the total tax withheld from those wages. If you have been […]

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From the Frequently Asked File...Answers to Tax Questions Every Freelancer Needs to Know

Savvy freelancers know that proper tax planning can provide significant financial benefits that contribute to business growth. In this spirit, take note of these answers to frequently asked tax questions which can help to position your business for success: 1. Should I use a software system to track my freelance finances? Yes. Managing your tax […]

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Use a “Marathon” Mindset to Lower Your Freelance Taxes

If you filed your taxes on time this year, you may be breathing a sigh of relief about not having to think about them again until next April. Before you wipe any traces of tax-induced sweat off your brow completely though, consider this: Sprinting to the IRS Tax Day finish line on an annual basis […]

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Struggling to Pay Your Taxes? Take These Three Steps Now

Tax season is here and you may be stressing a little, especially if you haven’t been making regular estimated tax payments on your business profits. If this is the case for you, it’s time to take action this tax year and for the years ahead. Start with the three steps below to get back on […]

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Yes, Virginia, You Do Have to Pay Estimated Taxes in January

Paying taxes at the start of the new year – sounds crazy right? This is the ugly truth for freelancers, Airbnb hosts, rideshare drivers, or anyone else earning 1099 income. If you earn self-employment income, you’re expected to stroke Uncle Sam a check four times a year for quarterly estimated tax payments. Not completely sure […]

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