Best Bookkeeping Services in Charlotte, NC

Scott Boyar, CPA, PLLC | Tax Accountant  TRICKS FOR GETTING THE BIGGEST TAX RETURN IF YOU ARE SELF-EMPLOYED Every worker has to pay income taxes, and self-employed workers are no exception. No one wants to pay more taxes than necessary, however. To get the biggest tax refund possible as a self-employed (or even a partly self-employed) individual, take advantage of all the deductions you have available to you. You need to pay self-employment tax to cover the portion of Social Security and Medicare taxes normally paid for by a wage or salaried worker's employer. The IRS considers that portion a business expense, however. Consequently, half of your self-employment tax payment is tax-deductible from your net income. If you meet specific criteria, you can deduct all of the following health insurance premiums: -Health insurance -Dental insurance -Qualified long-term care You can also deduct any health insurance premiums you paid to cover your spouse, children under 27, and dependents. Scott Boyar, CPA, PLLC. provides full-time, year-round bookkeeping services and tax support for both businesses and individuals. Ultimately the measurement of an effective financial solution is the “net” after taxes. We not only see your tax picture, we see the bigger picture. The success of our clients is our greatest satisfaction.