How Freelancers Can Claim Expenses to Reduce Their Tax Liability

1. Phone: (888) 247-6829 How Freelancers Can Claim Expenses to Reduce Their Tax Liability Paying income taxes is not just the duty of an entrepreneur or of a large company owner. Income taxes for freelance workers matter as much as they do for any big company’s shareholder. As expenses are claimed duringtax preparation for entrepreneurs, similarly, they may be claimed by freelancers as well. That said, freelancers can get similar relief too, if they account for and report their expenses aptly. So, see how you should claim your business expenses: ●Expenses should match the amounts spent on tasks to carry out your business. ●Bookkeeping should be done in the financial year itself, preferably by an accountant for freelance workers. ●All accountant consultants for freelancers - and every other professional accountant too - suggest that you do not factor any of your personal spending into the expenses claimed on your income tax return. ●No fraud of any kind should be committed on your tax return, if your intent is to remain in business in the long run! https://agroaccounting.com

2. Phone: (888) 247-6829 Since you don't know much about income tax guidelines and rules for freelancers, it is advisable you seek out an accountant for your income tax return’s preparation. Or, if you do not want to hire an accountant, then you should at least take the consultative advice of an accountant consultant for freelancers. Like this, you will not make any significant error on your tax return and, also, will claim every expense that you are entitled to. Agro Accounting CPA Phone: (888) 247-6829 Email: basil@agroaccounting.com Address: 42 West Street, Brooklyn, New York 11222 Facebook: https://www.facebook.com/AgroAccountingforartists https://agroaccounting.com