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re: 1099 Work Questions
Posted on 6/19/17 at 4:58 pm to GaryMyMan
Posted on 6/19/17 at 4:58 pm to GaryMyMan
Seriously please do this, it will make your life SOOOOO much easier.
Open a new bank account, pay for everything with your job through it. Keep your receipts, just put them in a ziploc. preferably a new ziploc for every month. Feel free to organize it far better than that, but if you do just that it will save you $500 on taxes and make your life a HELL of a lot easier.
But seriously, new bank account pay for any and all business expenses with it.
ETA: There's no such thing as a "write off". There is depreciation, and then there is business expenses. You still have to buy that printer, but you may get to buy it as a business expense which is pre-tax. Which as said will be somewhere between 30-40% if not more depending on what you make.
Open a new bank account, pay for everything with your job through it. Keep your receipts, just put them in a ziploc. preferably a new ziploc for every month. Feel free to organize it far better than that, but if you do just that it will save you $500 on taxes and make your life a HELL of a lot easier.
But seriously, new bank account pay for any and all business expenses with it.
ETA: There's no such thing as a "write off". There is depreciation, and then there is business expenses. You still have to buy that printer, but you may get to buy it as a business expense which is pre-tax. Which as said will be somewhere between 30-40% if not more depending on what you make.
This post was edited on 6/19/17 at 5:01 pm
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