Business Owners & Self-Employed Tax Services
Tax preparation and year-round CPA support for business owners and self-employed individuals.
When you work for yourself, business and personal taxes are closely connected. Business income, expenses, estimated taxes, retirement contributions, and the way your business is structured can all affect your individual tax return.
Schmid CPA helps business owners and self-employed individuals manage both sides of the equation—with tax preparation, planning, and accounting support when needed.
Schedule C & Self-Employment Income
- Preparation and reporting of sole proprietorship, freelance, consulting, independent contractor, and other self-employment activity.
Business Expenses & Deductions
- Review and reporting of ordinary business expenses, equipment, vehicle expenses, home office costs, and other applicable deductions.
Estimated Taxes
- Calculation and planning of federal and state estimated tax payments for individuals whose income is not fully covered by withholding.
Retirement & Tax Planning
- Tax planning involving self-employed retirement options, contributions, and other opportunities to manage taxable income.
Business & Individual Tax Coordination
- Coordination of business income, K-1s, compensation, distributions, and other business activity with the owner’s individual tax return.
Ongoing CPA Support
- Year-round assistance with tax questions, business changes, accounting decisions, and planning—not only at tax filing time.
For a business owner, preparing the individual return often requires understanding what happened inside the business.
Schmid CPA looks beyond the Form 1040 to understand the business activity behind the numbers.
Because we provide both business and individual tax services, we can coordinate the two rather than treating the company and its owner as completely separate tax relationships.
What starts as a side business or independent contractor activity can develop into a much larger operation.
Schmid CPA can assist with:
★ Schedule C and self-employment income
★ 1099 and independent contractor income
★ Business expenses and deductions
★ Equipment and asset purchases
★ Vehicle and home office considerations
★ Estimated tax payments
★ Self-employed retirement considerations
★ S corporation and entity considerations
★ Business bookkeeping and accounting
★ Business and individual tax coordination
As your business changes, we can help determine when your accounting, tax planning, or business structure may need to change with it.
Some business owners need help preparing an annual Schedule C. Others eventually need bookkeeping, payroll, business tax returns, and ongoing CPA support.
Schmid CPA can support you as those needs develop.
Self-employed or running your own business?
Schedule a consultation to discuss your business activity, accounting, and individual tax situation.