The home office deduction can help small business owners save money on their taxes.
Self Employment Tax
Vernoia, Enterline + Brewer, CPA LLC helps solopreneurs navigate tax rules.
The IRS recently announced it is automatically waiving the estimated tax penalty for eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the waiver. Many business owners, especially self-employed individuals who received income subject to withholding, would qualify for this relief.