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J.K. Lasser's guide to self-employment : taxes, strategies, and money-saving tips for schedule C filers /
What every self-employed person needs to know about their taxes! If you're self-employed, chances are the majority of your time is spent finding new customers or clients, servicing existing ones, and handling each and every aspect of your business. Freelancers, independent contractors, gig econ...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Hoboken, New Jersey :
John Wiley & Sons,
[2020]
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| Edición: | Second edition. |
| Colección: | J.K. Lasser series.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Part 1: Self-Employment Basics. Being Self-Employed and On Your Own
- What Does Self-Employment Mean?
- Legal Consequences of Self-Employment
- Practical Issues in Self-Employment 7-- Terminology
- Being 1099ed
- What's Ahead 92. Getting Set Up for Tax Reporting and Business Operations
- Preliminaries
- Keeping Books and Records for Tax Reporting
- Business Reasons for Record-keeping
- Tax ID Number
- Tax Year
- Accounting Method
- Decide Your Business Name
- What's Your IP?
- Obtain Licenses, Permits, and Permission
- What's Ahead
- Using Schedule C
- Tax Filing on Schedule C
- When, Where, and How to File
- What's Ahead
- Part 2: Reporting Income and Expenses. Reporting Your Income
- Payment Types Don't Matter
- Alternative Payments
- Where to Report Payments
- What to Do about 1099s
- What to Do When You Don't Get Paid
- Losses
- What's Ahead
- Writing Off Vehicle, Travel, Meals, and Gifts Expenses
- Vehicle Expenses
- Local Transportation
- Business Meals
- Business Travel
- Business Gifts
- Strategies for Saving on Travel Costs
- What's Ahead
- Deducting Office-Related Costs
- Rental Expenses
- Home Office Use
- Materials and Supplies
- Furniture and Fixtures
- Computer-Related Costs
- Insurance
- Utilities
- Miscellaneous Office-Related Costs
- What's Ahead
- Claiming Deductions A to Z
- Advertising Costs
- Bad Debts
- Banking Fees
- Casualty and Theft Losses
- Charitable Contributions
- Dues
- Education Expenses
- Impairment-Related Expenses
- Interest
- Legal and Professional Fees
- Licenses and Regulatory Fees
- Materials and Supplies
- Moving Expenses
- Payments for Outsourced Workers
- Penalties, Fines, and Damages
- Repayment of Income
- Startup Costs
- Subscriptions
- Supplies
- Taxes
- Utilities
- Checklist of Nondeductible Expenses
- What's Ahead
- Protecting Yourself with Medical Coverage and Retirement Savings
- Medical Insurance
- Health Savings Accounts
- Tax Deduction for Health Coverage
- Retirement Savings
- SEPs
- Solo 401(k)s
- Pension Plans
- IRAs
- Roth IRAs
- Strategies for Retirement Savings
- What's Ahead
- Taking Tax Credits
- Business-Related Tax Credit
- Personal Credits Arising from Business
- What's Ahead
- Claiming Your Tax Bonus
- General Rules
- Limitations
- Specified Service Trades or Businesses
- What's Ahead
- Part 3. Strategies for Your Business: Paying Your Taxes
- Self-Employment Tax
- Additional Medicare Tax on Earned Income
- Additional Medicare Tax on Net Investment Income
- Estimated Taxes
- Sales Taxes
- What's Ahead
- Strategizing Year-Round for Tax Savings
- Tax-Savvy Business Decisions
- Year-End Planning
- Post-Year Tax Elections
- Lease Instead of Buy?
- Don't Overlook Carryovers
- Audit-Proof Your Return
- What's Ahead
- Strategies for How to Grow 167-- Getting Certified
- Getting a Mentor
- Outsourcing
- Using Technology
- Continuing to Learn
- What's Ahead
- Strategies as Your Business Grows
- Moving to Larger Quarters
- Hiring Employees
- Changing Legal Status
- Selling the Business.