CPA for Freelancers

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

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Four Reasons to File Your Freelance Taxes Early (and When You Should Wait to File Until Tax Day)

The IRS is now open for the business of filing 2019 tax returns. If you are a person who likes to get things done, and you have all of your tax documentation in hand, don’t fight the urge to file early. Even if you have been a procrastinator in years past when it comes to […]

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The Tax Gift Every Freelancer Should Give Themselves Before December 31

Thanksgiving is just around the corner…which means the holiday season is about to kick into high gear with food, festivities and for many of us, giving gifts to family and friends. While being generous to others at this time of year is certainly in keeping with the spirit of the season, consider gifting yourself with […]

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Taking on International Freelance Work? Learn the Language of Foreign Taxes

If you’re a freelancer who works outside the United States there are some important rules you need to know when it comes to keeping on the right side of taxing authorities around the globe and managing your own tax burden. To help you learn the language of foreign taxes and how it applies to your […]

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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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New Identification Requirement for New York State Taxpayers Aims to Fight Fraud

New York State (NYS) is now making the collection of taxpayers’ driver licenses or other state-issued identification (ID) information on electronically filed personal income tax returns mandatory to help deter fraud, following the same practice by the IRS. The fields where the ID information must be input appear in the Authentication Header section of the […]

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Estimated Taxes on Autopilot or Not Even Airborne? Take Control Before September 15

The next estimated tax deadline is coming up in short order on September 15. If you’re one of the many freelancers who tend to put estimated tax payments on autopilot, or never even get them off the ground, it’s time to take the wheel again and make sure that you remain in control of your […]

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*@#$! Did You Miss the Tax Filing Deadline? Help is Here!

It’s an uncomfortable (and inconvenient) truth…more people than you’d be tempted to think fail to file their taxes by the April “Tax Day” deadline. If you’re one of them, you may be sweating—or cursing—a little, especially when you keep hearing people talk about everything they’re going to do with the awesome refund they are getting. […]

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Go for the Gold! Beyond Basic Freelance Tax Deductions

If you’re like many freelancers and self-employed individuals tax season can be a time of mild to moderate frustration, with a heavy dose of “git ‘er done” mixed in. While you may be tempted to stick to only basic tax deductions (your home office, office supplies, mileage, meals, etc.) in order to reduce the time […]

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Delinquent Taxpayer? John Kerry May Put the Kibosh on Your Foreign Travel Plans

Here’s something that went largely under the radar with the adoption of last year’s “Fix America’s Surface Transportation Act” (FAST Act): If you’re a “seriously delinquent” taxpayer, the Secretary of State is required to deny you a passport if you apply for one. The Secretary of State also has the power to revoke a passport […]

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S Corp or a C Corp Owner? Time to Prep for the March 15 Tax Filing Deadline

If your freelance business is structured as an S corporation (S Corp) or a C corporation (C Corp) or an Esprit de Corps (just kidding) with a December 31 year end, then your tax filing deadline is right around the corner on March 15. If you haven’t started to get your business tax documentation together, […]

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