The TurboTax Blog • Self-Employed

Self-Employed

5 Tools Every Business Should Start With

April 12, 2019 June 21, 2019 / TurboTaxBlogTeam

This article was written by our partner, Square. If you’ve recently started a business, you’ve become accustomed to making decisions every day that affect your business. And with every decision, you’re trying to make it as successful as possible. You...

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Self-Employed

The TurboTax Guide to Avoiding Estimated Tax Penalties

April 10, 2019 April 11, 2019 / Jim Wang

If you’re self-employed, estimated taxes are a part of your business life. This means you may need to send quarterly estimated taxes four times a year (in April, June, September, and January). Your taxes require a different kind of attention...

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Self-Employed

6 Tips to Help Side Hustlers and Self-Employed Bosses Stay On Top of Their Taxes

March 18, 2019 March 19, 2019 / TurboTaxBlogTeam

Drive for a ride-sharing company or sell homemade trinkets on Etsy as a way of pocketing a little extra cash? If you are side hustling on an ongoing basis and your goal is to make a profit you are considered...

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Self-Employed

Snap A Pic of These Tax Deductions Photographers Can Take

March 13, 2019 March 14, 2019 / Jim Wang

One of the most lucrative side hustle businesses to start is a photography business. With the right amount of training and equipment, anyone can be a photographer. There are no licensing rules and few relevant certifications — it basically comes...

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Self-Employed

Train Your Own Gym Clients? Make Sure You’re Snagging These Tax Breaks

March 1, 2019 July 11, 2019 / Ginita Wall, CPA, CFP®

If you are a personal trainer, you know what it takes to keep your body fit. But what about your self-employed business? Often personal trainers don’t even think of themselves as being in business, but they are. As a self-employed...

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Self-Employed

Is Your Pet Insta Famous? Here’s What It Means for Your Taxes

February 27, 2019 February 28, 2019 / TurboTaxBlogTeam

Does your pooch have more Instagram followers than you do, receive free doggy swag bags and seem to be all-around living his #bestlife? If your furbaby is making money as an influencer, it could be viewed by the IRS as...

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Self-Employed

Do I Need to File a 1040 If I’m Self-Employed?

February 24, 2019 July 23, 2019 / Jim Wang

If you earned a little income on the side, you might be wondering if you still need to file a Form 1040 if you’re self-employed. The simple answer to this question is yes, almost certainly! The threshold requiring you to file a...

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Self-Employed

I Just Became A Self-Employed Real Estate Agent — What Does This Mean for My Taxes?

February 22, 2019 July 23, 2019 / Jim Wang

Did you become a self-employed real estate agent last year? If so, you now own your own business and can take advantage of a lot of tax benefits related to running your own business. It’s important to realize that becoming...

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Self-Employed

Business Owners Should Take Advantage of These Travel and Biz Deductions

February 20, 2019 July 22, 2019 / Jim Wang

As a business owner, I’m always looking into tax laws for any new credit and deductions that I’m able to claim. Plus the tax code could change each year, so that’s why it’s important to stay on top of your...

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Self-Employed

I’ve Started My Own Business, Now What?

February 2, 2019 February 3, 2019 / Ginita Wall, CPA, CFP®

If you are now the proud owner of your own business, congratulations! By now, I’m sure you’ve experienced some ups and downs which usually comes with running your own show. But as you start to find your bearings and navigating...

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