This is the starting point for any individual wishing to pursue a new journey as an entrepreneur. Most individuals will begin their self-employment business in the kitchen table, in the garage, or simply in a little corner space in the living room or bedroom.
Whichever is the case, as soon as an individual becomes self-employed, the tax situation changes. It becomes more complex and more filing requirements are now needed depending on the product or service the individual is now engaged in.
A business tax specialist will help you on your journey from the very start to ensure that as self-employed, your business runs smoothly and is compliant with all requirements. The following is just a brief list issues that a self-employed individual may encounter:
What taxes to pay as self-employed?
What expenses can I deduct?
How and when to keep records
What business and legal issues can I encounter?
I'm using my home for business use. What tax issues exist?