Hi everyone, this is my first year filing self-employment taxes. Any advice on whether or not I should hire a tax accountant or just do them myself? It seems so intimidating and I don’t want to mess it up.
Self employment taxes
Search
Article Categories
Recent Articles
- Your Business Should Serve Your Life August 18, 2025
- Simple Financial Tips for Gen Z Navigating the Gig Economy August 15, 2025
- Understanding People/Building Customers August 11, 2025
- 5 Insights To Support Growth August 4, 2025
- August 2025 Newsletter August 1, 2025
Entrepreneur Magazine
- 5 Benefits of Scaling Your Startup With Offshore Employees August 25, 2025Going global isn't just smart — it's survival.
- Is There a Hidden Agenda Behind All These New Crypto Laws? August 25, 2025US crypto laws are changing under the Trump administration. However, in practice, stablecoins are becoming classic money surrogates. Here's more on the unspoken political agenda behind Trump's latest crypto laws.
- More Companies Are Choosing to Stay Private — But This One Big Issue Could Derail Their Success August 25, 2025As the private marketplace continues to grow, there needs to be more clarity around how private company shares are valued and how share classes are structured.
If you aren't feeling comfortable you should hire a tax person. Depending upon the size of your business, it may become more difficult/ Do you have employees? If not, it may be more straight forward then you think.
You need to file a SE form. Hopefully you've kept track of all the expenses throughout the year because you can deduct them. Things like utilities, rent, supplies to run daily operations, gas mileage, medical insurance, etc. My suggestion is to use each and every single thing you can come up with to use as a deduction. That will be deducted from your overall gross earnings and leave you paying less in taxes, might even result in getting some money back possibly!
Go to the IRS website to find answers too. They're pretty good about offering directions for every form.