Quantcast
breaking news

Tax Advice for Freelancers

By: Katrina Irwin
Updated: June 4, 2012
watch video

Kevin G. Conlon, CPA/PFS from Conlon & Company CPA's, PLLC joined Katrina Irwin on News 8 at Sunrise Monday.  He had some advice for people who are doing freelance work or starting up their own businesses. 

Tax tips for freelancers
1.  Get a good cpa
2.  If you earn $600 + from 1 client, you must report it
3.  If you net $400 + for the year, you have to play a self employment tax in addition to income tax
4.  You must pay taxes quarterly after 1st year
5.  Make sure to track business expenses for deductions
6.  Solid record keeping.

Comments

Log in to comment on this article

Readers Feel...

hello
Related Content

The Victory Summit will be held Saturday, May 18 at the Radisson Riverside Hotel in downtown Rochester to help those suffering from Parkinson's Disease and their families....

On average someone suffers a stroke every 40 seconds in the United States....

The Cornell Cooperative Extension is offering residential and day programs this summer at its 4-H Camp in Bristol Hills....

Goodwill's Million Pound Challenge is underway and you can help....

This year's 21 Stories for Scouts fundraiser is set for this Friday at the First Federal Building in downtown Rochester....

In Part Two of our series on Cancer Mission 2020 we take a closer look at the mission's goals and just how close we are to ending cancer by the end of the decade....

The goal of Cancer Mission 2020 is to bring an end to the disease by the end of the decade, and two cousins' fight is at the heart of that mission....

Dachshund Parade to take place at Washington Square Park this weekend.  ...

Eyes on the Future Economic Summit Coming up May 15th...

As they transition from college into the real world, there are five financial mistakes new graduates must avoid....

 
 

 

Ask The Expert

Click here to read more!
 

Calendar Events

Weekly Community Service...

View More
05/17/13

MEGA Millions

  • 11-15-35-43-49, Mega Ball: 41