First, let's answer what an Independent Contractor is....this is anyone who gets paid and their employer doesn't take any taxes out of their check. Someone who will receive a 1099 at the end of the year.
If you answered yes to either one, you need to stay on top
of your bookkeeping. You may be saying, “What bookkeeping?” You may be saying, “I don’t have a lot of
invoices or bills” or “I am just a small business owner not a large corporation”. "I'm not a business owner!!" You have no idea how often I have heard these words. Well, if you are self employed or get paid without taxes being taken out, then I suggest you do something, so you don't have a big tax liability when it is time to do your tax return.
By meeting with me on a regular basis, this can help you
save money and stay on top of your business. This will allow me to look at your
information and see what kind of self employment taxes you may owe, or see how
to reinvest back into your business, or yourself to lower that self employment
tax.
Give us a call 619-726-1158 for a free consultation on how
we can give you some peace of mind.
Having Peace of Mind is an important piece to your puzzle.
Come and talk with me and I can help you find that piece.
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Bookkeeping Lexington KY is the recording of financial transactions. The purpose of bookkeeping is to create a record of financial transactions that can be summarized for various uses.
ReplyDeleteGreat tips spoken like a true professional! We use these tips in our Calgary Bookkeeping firm as well.
ReplyDelete