How self-employment tax works and common self-employed tax deductions
Whether you're a seasoned sole proprietorship or just starting out with your self-employed small business, learn how to manage your business expenses and maximize your tax deductions. When Chef Joe Sasto isn't in the kitchen experimenting with new recipes, he's running his self-employed business. In this video, he shares tips on how he stays ready for tax time with organized books year-round so it's easier to watch out for potential self-employment tax liabilities and identify possible self-employment tax deductions or 1099 tax deductions. He also goes over the 1099 form and what is a 1099.
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0:00 - Introduction
0:21 - Self-employment tax deductions
1:24 - Self-employment tax deduction examples
2:32 - 1099 form for independent contractor, freelancer, and self-employed business
3:26 - Tax readiness with QuickBooks Solopreneur
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