Maximize your tax savings with affordable, tax-deductible tax preparation and filing solutions for freelancers and self-employed entrepreneurs.
Your bookkeeper tracks your operation's revenue and operating expenses, and shares results through easy-to-understand reporting.
Your accounting team identifies every eligible deduction, including business travel and supplies, minimizing your annual tax liability.
Your accountant prepares and files your federal and state tax returns for your freelance operations, ensuring compliance and maximum tax savings.
Working as a freelancer, independent contractor, or self-employed individual can be freeing, but it also entails greater tax responsibilities. When doing your own bookkeeping and accounting gets in the way of your work, collaborating with tax professionals experienced in the nuances of your profession and state is the best way forward. You'll save time, maintain compliance, and achieve better results, allowing you to keep a bigger portion of your self-employment income.
1-800Accountant has serviced over 100,000 businesses in the last decade. We'll keep your books in order and maximize your tax savings. Get the suite of tax services your business needs at a price that works for you. *Billed annually
Best for businesses that need more advanced features, including tax filing and planning, to maximize their tax savings.
1-800Accountant has serviced over 100,000 businesses in the last decade. We'll keep your books in order and maximize your tax savings. Get the suite of tax services your business needs at a price that works for you. *Billed annually
"I have been with 1-800Accountant for 10+ years, and my payroll experience with Fatima P. has been the best so far. Her professional and compassionate demeanor is unparalleled, and her follow-through is exceptional. I appreciate her help and dedication to my payroll account so much."
Freelancers aren’t required to register as a business, but doing so opens up numerous advantages. Efficiently make your freelance business official via our free (+ state fees) entity formation process.
Typically, you are required to file an annual return and pay an estimated tax quarterly. You have to file an income tax return if your net earnings from self-employment are $400 or more. If your net earnings from self-employment were less than $400, you still have to file an income tax return if you meet any other filing requirement listed on IRS Form 1040, U.S. Individual Income Tax Return, and IRS Form 1040-SR.
Small businesses and the self-employed are taxed differently, even when their structures are similar. Self-employed individuals may work for multiple businesses, whereas a small business owner is singularly focused on growing their own operations.
There are many tax deductions self-employed individuals can claim, including mileage, phone expenses, and the home office deduction. Collaborating with an accountant can help identify all eligible tax deductions and credits.
