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
- The Long Tail of U.S. Businesses July 16, 2025
- Individual/Solo Entrepreneurship Can Be an Equalizer July 15, 2025
- Growth: The Most Important Key Performance Indicator July 8, 2025
- Financial Literacy Made Simple July 2, 2025
- A Key Reason to Explore Entrepreneurship July 1, 2025
Entrepreneur Magazine
- They May Look Mundane, But They Distract Employees, Compromise Security, and Slow Your Internet July 26, 2025How more business owners have started using this $15 ad blocker to protect themselves.
- Why I Almost Always Choose Referrals When Hiring — And You Should Too July 26, 2025Referrals are no longer optional but necessary. In today's competitive and security-driven environment, hiring through referrals is essential to safeguard your company brand and reputation.
- Stop Using ChatGPT Like an Amateur — Turn It Into a $100K Business Strategist July 26, 2025I used one ChatGPT prompt to uncover exactly why my funnel wasn't converting — and how to fix it.
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.