I'm Self- Employed

What's Your Taxpayer Type?

Your Guide to Self-Employment Taxes

  • Navigating Self-Employment Tax: Let's break down what self-employment tax means for you, covering Social Security and Medicare contributions.

  • Managing Quarterly Estimated Taxes: We'll show you how to estimate and pay your taxes every quarter to avoid any surprises.

  • Tailored Deductions for You: Explore deductions unique to your self-employed journey, like home office and vehicle expenses.

  • Retirement Options Made Clear: Discover retirement savings plans suited for the self-employed, like SEP IRAs and Solo 401(k)s.

Understanding Your Tax Responsibilities

Essential Tax Forms, Simplified

  • Filling Out Schedule C: A step-by-step guide to report your business profit and loss.

  • Decoding Forms 1099-NEC and 1099-MISC: Understand how to report your diverse income sources correctly.

  • Forms for Special Circumstances: We'll cover additional forms you might need, tailored to your specific business scenarios.

Maximizing Your Financial Benefits

  • Home Office Deduction Demystified: Learn how to qualify and calculate this valuable deduction.

  • Health Insurance Deduction Details: How you can deduct your health insurance premiums.

  • Educational Expenses as Investments: Find out how to deduct educational costs that benefit your business.

Claiming What's Yours: Deductions and Credits

  • Reach Out for Tailored Tax Guidance: Connect with us for personalized tax planning and preparation services. Our team at Common Cents Tax and Credit Solutions is dedicated to understanding the unique aspects of your business and providing solutions that cater to your specific needs.

  • Contact Us for a Business Consultation: Schedule a consultation to discuss your business's financial health, tax strategies, and how we can assist in optimizing your financial success.

  • Inquire About Our Bookkeeping Services: Ensure your financial records are in expert hands. Ask us about our bookkeeping services designed to keep your business organized and tax-ready.

Ready for Personalized Support?