Tax Planning Tips for San Diego Self-Employed Professionals
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Taxation is tricky business when you work as an independent contractor in San Diego. While you don't have an employer withholding money from your pay check or paying into benefits, it falls on you to make quarterly payments and plan out deductions and long-term financial goals. However, with a little know-how, you can ease some of the stress — and save yourself some money — by following these tips from Accountant San Diego Taxes for tax planning. 1. Maintain Year-Round Records The best way to prepare for a surprise at tax time is by staying organized with records of all sources of income and expenses, digitally or in a secure file. Use accounting software or speak with Accountant San Diego Taxes about how to organize and maximize deductions. 2. Know How to Take Full Advantage of Deductions Self-employed professionals can take advantage of many tax deductions, such as home office, mileage, business travel, internet/phone costs, and even professional development. 3. Save For Quart...