Tax season—that time of year dreaded by most. And while filing your taxes as a freelance business owner is a much different ball game than doing them as a W2 employee, if you get organized, stay organized, and follow my tips, tax time will go smoother than you think.

In this episode, you’ll learn the following:

• 04:37 – My number one tip to keep your finances organized from the beginning
• 08:07 – What’s a deduction, and what the IRS considers an expense
• 11:38 – A surprising expense that can be deducted from your taxes if you work from home (I had no idea!)
• 15:43 – Books are considered a business expense?! (Use your common sense and good judgment and ask your accountant first)

Discussed in the episode:

• California AB5
• IRS estimated taxes
• IRS Employer Identification Number (EIN) application

Connect:

• Book a free 15-minute call
• Join the Freelance Editors Club
• Tara on Instagram
• Tara on Facebook