In this episode, Bonnie Yam welcomes guest Atilio Kaldeman to explore the unique tax concerns and expense tracking challenges faced by the self-employed. The conversation begins with a discussion on distinguishing between employees and independent contractors, and the importance of quarterly tax reporting for contractors. Listeners gain insights into maximizing work-related tax deductions, including home office deduction rules and the use of health savings accounts. The episode delves into various business structure options and their tax implications, with an in-depth comparison of c corp versus s corp taxation. The importance of bookkeeping in business tax reporting is also highlighted. The episode concludes with contact information for further inquiries.

(0:00) Introduction to the podcast and guest Atilio Calderon

(1:36) Unique tax concerns and expense tracking for self-employed

(3:38) Employee vs independent contractor distinctions

(6:25) Quarterly tax reporting for contractors

(8:24) Maximizing work-related tax deductions

(12:04) Home office deduction rules

(20:28) Using health savings accounts for tax deductions

(22:04) Business structure options and tax implications

(29:59) In-depth look at c corp vs s corp taxation

(32:25) The role of bookkeeping in business tax reporting

(33:13) Episode conclusion and contact information