Tax deductions?
I soon will be operating as a independent contractor besides a CPA where can I look for tax deductions I am entitled too. Also what software do you recommend for personal bookkeeping? Thanx from California.
For the first answerer read the question, Besides finding the answer from a CPA where else can I look?
Tags: Cpa, Independent Contractor, Personal Bookkeeping, Tax Deductions, Thanx
You’re a CPA and don’t know what tax deductions your eligible for and need help with personal bookkeeping??? That scares me.
To do it your self you will need to know IRS and your states tax code. This is not an easy task. Best to pay a professional tax account to guide you in this matter.
good luck
That first sentence is a dilly. I wonder what it means.
Your deductions are all business expenses, reported in Schedule C.
Basic accounting software can be Money or QuickBooks. for personal budgeting, a lot of people use Quicken, but it is not accounting software. I use DacEasy Accounting, which can handle any small business. Peachtree is similar to DacEasy.
See the link.
This is the publication that the IRS publishes for small businesses.