Managing taxes might be a little tough for you if you are self-employed in New Jersey. If you understand the basic it will become easier for you to understand the dynamics of being a self-employed taxpayer. This blog post will help you understand the tax return filing requirements as a self-employed individual and much more. Self-Employed Taxes In New Jersey Self-employed taxes are the kind of taxes imposed on workers who work for themselves. The…
Ugh, tax season. Just typing those words makes my stomach turn a little, and I’m betting you feel the same way. But here’s the thing—I’ve been helping New Jersey business owners with their taxes for years, and the ones who get started early are always way less stressed come April. They’re also the ones who usually end up paying less in taxes because they actually find deductions they didn’t know existed. Last year, I had…
Last February, I watched Mark, a self-employed contractor from Lakewood, walk into my office with three grocery bags full of crumpled receipts, faded invoices, and bank statements held together with coffee-stained rubber bands. “I’ve been putting this off since January,” he confessed, not making eye contact. “My wife said either I deal with this or she’s filing for divorce.” Four hours and two pots of coffee later, we’d untangled his tax situation, finding nearly $7,400…