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 works to identify every deduction you may qualify for and keeps your filing aligned with current tax law.
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 commonly saves self-employed earners several thousand dollars a year by reducing the base subject to 15.3% self-employment tax. The exact figure depends on your net profit — we model it before recommending it.
Deductions you'd otherwise miss
Home office, vehicle, equipment, subscriptions, travel, meals — we work through every category that applies to your business, and document each one.
Quarterly estimates right
Correctly sized quarterly payments help you avoid a surprise April bill and 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 quarterly estimates from your actual numbers and update them as your income changes through the year, so you're not caught short at filing time.
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 — either actual costs or the IRS standard mileage rate. The IRS sets that rate annually, and has occasionally revised it mid-year; when that happens your miles must be totalled separately for each period and the matching rate applied rather than blended. We apply the correct rate for your filing year. You can also deduct 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 an underpayment penalty. It isn't a flat fee — it's calculated at the IRS underpayment interest rate, which the IRS resets every quarter, so the cost depends on how much you underpaid and for how long. 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.