Filing and paying taxes can be a confusing and daunting task for those who are self-employed. Unlike employees, who have taxes directly withheld from their paychecks, self-employed individuals are the ones responsible for filing and paying taxes on their income. Understanding the basics of tax obligations for the self-employed can make this process less overwhelming. In this blog post, we will discuss tax requirements for self-employed individuals, strategies for staying on top of taxes, and the benefits of hiring a certified public accountant (CPA).
As a taxpayer, you may often find yourself wondering which expenses are tax deductible. This is especially true when it comes to professional fees, such as those you might pay to a certified public accountant (CPA). So, are CPA fees tax deductible?