01/16/2024
💡 Tax Tip Tuesday! 💡 If you're self-employed, make sure to gather these key items when filing your taxes:
1️⃣ Income Documents: Collect all your income sources, including invoices, 1099s, and any additional earnings.
2️⃣ Expense Records: Keep receipts for business-related expenses such as supplies, mileage, and equipment purchases.
3️⃣ Home Office Details: If you use a home office, note the square footage dedicated to your business and related expenses.
4️⃣ Travel Logs: Document business-related travel with mileage logs and receipts for expenses like meals and accommodations.
5️⃣ Health Insurance Premiums: Include documentation for any health insurance premiums you've paid.
6️⃣ Retirement Contributions: Keep track of contributions to self-employed retirement plans.
7️⃣ Estimated Tax Payments: Report any estimated tax payments made throughout the year.
Stay organized to make tax season a breeze! Consult with a tax professional for personalized advice. 📊💼 www.royalfinancialllc.net
Cell phone. 980.621.9942 Office
