If you’re new to the world of freelancing, contracting, entrepreneurship or small business ownership, getting a CPA in your corner is a must. You’re about to delve in to a world brimming with tax write-offs, and since the IRS can (and does) change the rules each year, having a pro on your side ensures you keep as much of your profits as possible. (Worried about the cost of a good CPA? Don’t be — their services are also a tax write-off.)
While I’m not a tax expert and you should consult with one before making any tax-planning decisions, I’ve found these tips to be useful in my own businesses.