Self-employed
We are all our own CEO, not everyone realizes it. Your business is “Me” as in “You”. You may be small, and work out of an IKEA desk, but you work on your own terms and do what you enjoy, which is a big deal. Is your tax situation in order too? I didn’t think so. Give us a call.
"work-from-home" may never end for some enterprising individuals, Fox Caliber approves.
Your home-based business is your opportunity to have better control over your work schedule, your trade, and earnings. If you can pay your bills and save for retirement working less hours than you would as an employee, all while enjoying the projects you contribute to and being able to work from almost anywhere, than you know you made the correct decision. To make the most of your opportunity and earnings, you really have to understand small business taxes or hire someone who does. We can help, give us a call.
Tax Opportunities:
Business use of home
Extensive list of deductions
Variety of retirement plans (per structure)
Tax savings from chapter S status
Tax Risks:
Underpayment of quarterly taxes
Self-employment tax (S-corp, llc, sole prop)
Non-optimal utilization of business expenses
Possible multi-state complexities
Improper recordkeeping
Non-compliant travel deductions
Deduction of reimbursed expenses
Fox Caliber, A Professional Accountancy Corporation:
Our Services for Self-Employed
Fox Caliber is dedicated to supporting self-employed and home-based businesses with comprehensive tax solutions
Federal & State Tax
We can prepare all the necessary tax forms for Federal and any states where you may also need to file.
Tax Planning
We can advise on how to complete a planned financial decision in a tax efficient manner. We also help with financial record keeping support; documentation is critical for self-employed and home-based businesses.
Tax Resolution
We can help you get organized and resolve any tax inquiries from the IRS and states regarding back taxes.
IRS Audit Support
In the case that you are audited, we will be there to represent your interests. We will also review your tax forms for any red flags that are common justifications for a full IRS audit prior to filing.
Amended Tax Filings
We can help fix mistakes in past tax returns and address the impact on all the subsequent tax returns.
Tax Consulting
What is the proper retirement vehicle for you and your family based on your current earnings, projected earnings, and retirement goals? This is one among the many inquiries we can research and support as tax consultants for the self-employed and home-based businesses.
We look forward to providing excellent service
We are ready to connect!
Fox caliber is one text, email or call away. Let’s schedule a time to chat. We are ready to solve any taxation problems you may have and help you make the most of the tax benefits available to you.
Let us help you achieve your financial objectives, one tax year at a time
Taxation is a critical part of achieving business and personal finance objectives. It is easy to make a mistake or to not reap the greatest benefits possible. Tax policy is constantly changing, many tax rules can feel grey, and the federal government is generally late in setting taxation rules for new investment vehicles and new ways of earning money that did not exist five years ago. When you are working with Fox Caliber, you’ll have a dedicated team that will remain alert for any tax changes that impact you and we will be ready to discuss advantages to use and risks to be wary of.