Too often, those who are self-employed, whether on a full-time basis or just doing some freelance work on the side, miss out on beneficial tax deductions to which they are entitled. Among the most significant is the home-office deduction. To qualify, however, you must have a portion of your house that you exclusively for your[…]
The most overlooked deductions and credits for the self-employed
By diamondcpas Business Taxes Jan 31, 2022
Retirement planning may be a little different for the self-employed, but it’s just as important, if not more so. 60% of working Americans have access to a 401k plan through their employer. But if you are among the nearly 10 million self-employed, you are entirely responsible for your retirement plan. There are other types of[…]