Are you self-employed and wondering how to prepare and file your tax matters in Nashville? No need to worry, at Paragon Tax and Bookkeeping Services we can help with all tax matters effectively. We provide self-employed taxes services for all Nashville and surrounding clients regardless of the industry. Our company is top rated with a team that keeps you updated on all tax matters on a regular basis. We go beyond just giving you an annual tax review, our team works with you at all times updating you and ensuring you comply with all self-employed tax regulations and requirements. Speak to a pro to discuss your BEST tax return today.
Trust us for all your self-employed taxes services Nashville needs. We take full responsibility for all matters regarding your taxes. This gives you a better opportunity to focus on your work and other profitable ventures knowing all your tax matters are in safe and responsible hands.
Read Our Latest Blog: The Bunching Deductions Technique for Self-Employed and Small Business Owners
The standard deductions have nearly doubled from what they used to be, making it harder to itemize for self-employed taxpayers. The 2019 deductions are: $12,200 for individuals, $18,350 for heads of household, and $24,400 for married couples filing jointly. Self-employed taxpayers who do not have enough deductions to surpass these thresholds then take the standard deduction.
Understanding your deductions, and how they best suit your tax needs is especially important for the self-employed, and small business owner, due to the nature of business and personal tax deductions. These numbers help determine accurate profit and losses and ensure you are receiving your best tax return.