Tag Archives: #SelfEmployedTaxes

Best Practices for Small Business Accounting in the U.S.

Introduction Accounting is a crucial aspect of running a successful small business. Proper financial management ensures compliance with tax laws, enhances decision-making, and promotes business growth. By following best practices in accounting, small businesses can stay financially healthy, avoid penalties, and maximize profitability. What is Small Business Accounting? Small business accounting involves recording, tracking, and… Read More »

How to File Taxes as a Freelancer in the USA?

How to File Taxes as a Freelancer in the USA?

Introduction Filing taxes as a freelancer in the USA can feel overwhelming, especially for those new to self-employment. Unlike traditional employees, freelancers must handle their own tax filings, deductions, and payments. Understanding the process is essential to avoid penalties and maximize deductions. This guide provides a step-by-step approach to filing taxes as a freelancer, including… Read More »

ITR for self employed: Which ITR to file for self employed ?

ITR Filing

ITR for self employed For self-employed individuals in India, the Income Tax Return (ITR) form to be filed depends on the nature and source of income. Here are the common ITR forms applicable to different types of self-employed individuals: ITR-3: This form is applicable if you have income from business or profession as a partner… Read More »