Understanding your tax obligations after the major tax reform in 2018 can be confusing, especially for entrepreneurs. If you file Schedule C self-employment income because of a business you own and claim profit from as personal income, the annual changes to the tax code were already daunting. For the real estate industry and other related investment concerns, the changes to the tax code just before the filing season last year introduced new savings and new requirements that are still unfamiliar to many. When you work with a professional expert on income tax in Oxnard, it's easier to make sure you've taken a tax position that falls within the new law and keeps you from over-paying.
2019 Tax Deductions for Self-Employed Workers
If you're self-employed, you have the opportunity to deduct expenses that would normally be incurred by your employer as a cost of doing business. That includes deductions for office space, healthcare premiums, and even ongoing education. For those who work from home, it's even possible to deduct a portion of the costs associated with maintaining the house if you have a home office. To make sure you get all the deductions you deserve, you're going to need an expert who can help you navigate the changes to Schedule C income filings in recent years. That's why you need the expert help you get from Excella Tax.
When you need accounting and bookkeeping services, rely on the qualified professionals at Excella Tax. As a full-service bookkeeping and tax preparation firm, we provide accurate and efficient tax, bookkeeping and insurance custom tailored to your business and personal needs. Our team of experts utilizes state-of-the-art procedures and processes in accounting technology to ensure our clients receive the best possible services.
Address: 522 North A Street, Ste A, Oxnard, CA 93030
Tel: (805) 981-6357