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All things Taxes

Posted: Fri Aug 21, 2020 2:30 pm
by ResonantTone
Hey all!

Even in spite of all the craziness, I've had a great year so far and am quickly approaching a part-time income from sync licensing! (Wahoo!!!)

Having said that, I'm seriously dreading the tax side of things. Wondering if anyone has any resources on this stuff so I can get a bit prepared. Any advice, resources, or general information any of you may have would be greatly appreciated!!

Thanks!

Andrew

Re: All things Taxes

Posted: Fri Aug 21, 2020 2:51 pm
by jaywilliams
hire a CPA
consider using an entity
if you're not using an entity use the schedule C to deduct expenses
dont forget the home office deduction!
congrats Andrew and best of luck
Jay :)

Re: All things Taxes

Posted: Fri Aug 21, 2020 3:50 pm
by hummingbird
Hiring an accountant sounds like good advice, given that many of us will live in different places with different laws.