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Don't sell your business before doing these three things
Don't sell your business before doing these three things
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Open A Aspect Enterprise? First, Grasp These Tax Suggestions • MV TELEGRAPH
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Smart Tax Moves for Freelancers
Smart Tax Moves for Freelancers © (Getty Images) Father working from home If you earned any freelance income this year – whether you added a side gig to supplement your salary, did some freelance work after losing your job or decided to start your own business – you have access to a lot of special tax breaks. But many freelancers miss out on tax-saving opportunities because they don t realize they re eligible for these benefits. And the rules can be tricky because employees can no longer deduct unreimbursed business expenses, but self-employed people still can. Most people lose deductions because they simply do not keep records, says Mackey McNeill, a certified public accountant and financial planner in Bellevue, Kentucky, and Consumer Financial Education Advocate for the American Institute of CPAs. It s easy to simply scan and save your deductible receipts.
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