When you become self-employed it means you are carrying on your own business rather than working for an employer and there are a number of things you should take into consideration when you are filing your tax returns.
You need to declare your income and capital gains correctly along with calculation of taxes. Simultaneously a self-employed taxpayer can get the deduction he/she wasn’t entitled to while he/she was employee.
These are one of tax saving ideas:
- Office in the home
- Automobile expenses
- Salaries paid to an employee (if you have one)
- Supplies used to earn income
That is not all…
Comptabilité KC Accounting will help you to minimize income tax payable or even get the refund. We know what deductions and credits you are entitled to.