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
#1 written by Steve April 23rd, 2010 at 08:25
See the link.
http://www.irs.gov/publications/p334/index.html
This is the publication that the IRS publishes for small businesses.
#2 written by Serge M April 23rd, 2010 at 08:25
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.
#3 written by Princess Deb April 23rd, 2010 at 08:25
You’re a CPA and don’t know what tax deductions your eligible for and need help with personal bookkeeping??? That scares me.
#4 written by Pobept K April 23rd, 2010 at 08:25
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