Keep track of all your expenses. Now that you are self employed, many things may be deductible, such as your phone, gas for trips to get supplies, to consult, a portion of your utilities, stamps, coping costs. Just write everything down and worry about whether it's deductible next year.
You might even want to consult with a tax professional now to see how you should set your business up, get the correct licenses, change your insurance if you are using your home for a business now.
Nancy
You might even want to consult with a tax professional now to see how you should set your business up, get the correct licenses, change your insurance if you are using your home for a business now.
Nancy
