Self Employed Tax Guide

There are a lot of considerations regarding taxes for the self-employed. We’ve put together a little guide to help you navigate through the often troublesome, sometimes murky tax requirements.

The Self Employed Tax Guide attempts to provides small business owners and the self-employed with a one-stop resource to staying in compliance with the filing requirements and minimizing the financial burden imposed by several layers of government.

Table of Contents

Small Business Tax Returns Required & Due Dates

  • Federal, State & Local
  • Payroll Requirements
  • Employee or Independent Contractor
  • Estimated Tax Payments for Self Employed Persons

    • Entity Selection

  • Reasonable Compensation for S Corporation Owners/Officers

    • What is Income?

  • Accrual versus Cash Method of Accounting
  • Gifts and Donations
  • Rental Income & Expenses
  • Capital Gains and Losses
  • Miscellaneous Income

    • Tax Deductions for the Self-Employed

  • General Business Deductions
  • Retirement Plan Deductions
  • Home Office Deductions
  • Renting a Building to Your Business
  • Deducting Vehicle Mileage
  • Travel Expenses
  • Meal and Entertainment
  • Business Gifts
  • Depreciation & Amortization
  • Hiring Your Children
  • Charitable Donations
  • Year End Strategies
  • Hobby Loss Rules
  • Can I deduct the time I donated
  • Do I get a tax break for the client that didn’t pay

    • Estimated Tax Payments & Tax Audits and Collections

  • Tax Credits
  • Self-Employment (SE) Tax

      • ________________________________________________________________________________________________________________________________
    Huddleston Tax CPAs of Seattle & Bellevue
    Certified Public Accountants Focused on Small Business
    (800) 376-1785
    40 Lake Bellevue Suite 100, Bellevue, WA 98005

    Huddleston Tax CPAs & accountants provide tax preparation, tax planning, business coaching, Quickbooks consulting, bookkeeping, payroll and business valuation services for small business. We serve Seattle, Bellevue, Redmond, Tacoma, Everett, Kent, Kirkland, Bothell, Lynnwood, Mill Creek, Shoreline, Kenmore, Lake Forest Park, Mountlake Terrace, Renton, Tukwila, Federal Way, Burien, Mercer Island, West Seattle, Auburn, Snohomish, Mukilteo, Seatac, Des Moines, Woodinville, Edmonds, Sammamish and Issaquah. We have a few meeting locations. Call to meet John Huddleston, J.D., LL.M., CPA, Lance Hulbert, CPA, Tawni Berg, CPA, Jennifer Zhou, CPA, or Jessica Chisholm, CPA. Member WSCPA.