Self-Employed & Freelancer Tax Services
1099 tax preparation, quarterly estimates, and deduction optimization for freelancers, contractors, and gig workers.
Self-employment income comes with unique tax challenges. You're responsible for your own estimated payments, self-employment tax, and tracking every deductible expense — and one missed deduction can cost you thousands.
At Taxperts, we specialize in helping freelancers, independent contractors, gig workers, and sole proprietors navigate the complexity of self-employed taxes. Your dedicated CPA or EA ensures you claim every deduction you're entitled to while staying fully compliant.
Our self-employed tax services include 1099 income reporting and Schedule C preparation, quarterly estimated tax calculations, home office deduction optimization, vehicle and mileage deductions, health insurance premium deductions, retirement contribution strategies (SEP-IRA, Solo 401k), and entity structure evaluation (should you be an S-corp?).
We also help you set up systems for tracking expenses throughout the year so tax season is smooth, not stressful.
Who it's for
Key benefits
Reduce SE tax with S-corp
An S-corp election can save self-employed earners $5K–$20K+ annually by reducing the base subject to 15.3% self-employment tax.
Every deduction found
Home office, vehicle, equipment, subscriptions, travel, meals — we find every legitimate deduction specific to your business.
Quarterly estimates right
Correctly sized quarterly payments mean no surprise April bill and no underpayment penalties.
Retirement plan setup
SEP-IRA and Solo 401k contributions are among the most powerful self-employed tax tools — we maximize them.
How it works
01
Free consultation
We review your income sources, expenses, and filing history.
02
Organize your records
Upload 1099s, expense records, mileage logs, and prior returns through our secure portal.
03
We prepare your return
Schedule C, estimated payments, and every applicable deduction calculated and filed.
04
Quarterly check-ins
We don't disappear after filing. We calculate your quarterly estimates and adjust as your income changes.
Related services
Self-Employed Tax
questions.
Answers from our licensed CPAs & EAs.
A conservative rule of thumb is 25–30% of net profit for federal taxes (self-employment tax + income tax) plus any state income tax. The exact amount depends on your total income, deductions, filing status, and state. We calculate your precise quarterly estimate amounts so you're never caught short.
It depends on your net profit level. An S-corp election makes financial sense when your self-employment income is roughly $50K+ net. Below that, the administrative costs of running an S-corp (payroll, separate return) often outweigh the savings. We model both scenarios for every self-employed client and recommend the right structure.
Yes, if you use part of your home regularly and exclusively for business. The deduction can be calculated using the simplified method ($5/sq ft, up to 300 sq ft) or the actual expense method (percentage of home expenses proportional to office size). The actual method usually yields a larger deduction. We calculate both and use the better option.
Gig drivers can deduct the business-use portion of vehicle expenses (actual costs or the standard mileage rate of $0.67/mile in 2024), plus phone, data plan (business portion), supplies, and platform fees. Tracking mileage is essential — we recommend a mileage tracking app. We handle all gig economy returns.
Missing quarterly payments results in underpayment penalties, currently around 8% annualized on the shortfall. The penalty is calculated per quarter, so earlier missed payments cost more than later ones. We file the correct quarterly estimates going forward and may be able to use the annualized income installment method to reduce prior penalties.
Ready to stop stressing
about taxes?
Book a free 30-minute consultation with a Taxperts CPA or EA. Virtual or in-person, your choice. No obligation.