I posted this question to a listserv for consultants to which I belong. I asked about how to get a handle on what to do for my taxes. As a freelance copywriter, this issue continues to perplex me, even though I wrote about it a couple of months ago and got other advice.
Here's a summary of the advice I received...
- Keep track of all your expenses and income and everything else using small business financial software.
- Make sure you've got all your licenses.
- Find an accountant. They're not as expensive as you think, and they'll help you more than you realize. Use a CPA.
- To find an accountant, talk to similarly sized organizations to find a recommendation.
- Pay your quarterly tax estimates. Now. No, really.
- Use free small business resources such as the SBA to make sure I'm on track.
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