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Six Things You Should Be Aware Of as an Independent Contractor

Are you an Independent Contractor?

Do you receive a 1099 for income paid to you?

Have you prepared for your year-end taxes with a tax strategy?


The end of the year can be quite stressful as an Independent Contractor. If you haven’t planned for your year-end taxes, you may find out that you owe a substantial amount of money for taxes.

At Makara and Associates, we understand how this can happen. Our team will take the time to educate you on what your options are and work with you on developing a solid tax strategy, so you don’t find yourself in an unpleasant situation at the end of the year.

Here are the six things you need to be aware of!

Have you –

1.) Determined Your Independent Contractor Status
2.) Contacted a Tax and/or Legal Professional
3.) Set Up a Separate Business Account
4.) Defined Your Business Expenses
5.) Defined Your Business Deductions
6.) Filed Tax Returns as Independent Contractor

Interested in learning more about the details?

Download our eBook: Independent Contractor Taxes…Know Your Options from our FREE online library.

As you grow your business, the Makara team provides a number of services to help you.

Would you like us to set up your Quickbooks or Xero software, or perhaps it is time to start planning for your retirement?

When you are ready, our team is ready to assist you with all your accounting needs and future planning.

Our Philosophy

“Provide quality service to each client 
based on our knowledge
& specialization in each service rendered.”

How May We Assist You?

Would you like to review your tax situation? Contact us online or call our Naples Office at (239) 384-9688 or our Fort Myers Office at (239) 768-5008.

-Mark

This information is based on facts, assumptions and representations as stated and authorities that are subject to change. We will not update this information for subsequent legislative or administrative changes of future judicial interpretations.
LEGAL NOTICE AND DISCLAIMER: The information within this blog is for informational and educational purposes only and is not tax advice and should not be used as such. The facts of each individual situation can have significantly different outcomes when applying tax law. The hiring of a CPA is an important decision not to be based solely on advertisements.


This post first appeared on Financial, Wealth And Social Security Planning - C, please read the originial post: here

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Six Things You Should Be Aware Of as an Independent Contractor

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