Eric Matthews over at ThatBookkeeper is one of our, well, favorite bookkeepers! Recently he penned a great blog post that goes into what you should be thinking about when you're filing your first self employed tax return. Below is a quick summary and a link to the full article. Enjoy! And thanks, Eric!
If you're filing your taxes for the first time as a self-employed individual, here's what you should be thinking on:
- Don't expect much of a refund, if any...
- ... And be prepared to owe...
- But remember! It could be much worse!
- That said, claim! Claim! Claim!
- Plan for next year.