So the 90 minutes or so I spent gathering all of my paperwork and answering tedious questions about my income and deductions felt like a net gain.
I would be responsible for meticulously tracking my income and expenses, as well as for making estimated quarterly tax payments.
The questions felt more nuanced and crunching the numbers for estimated tax payments was more complicated than I anticipated.
I was able to write off over $14,000 worth of business expenses thanks to the deductions the CPA uncovered.
Aside from sharing my 1099s and a list of business expenses, and meeting with my accountant virtually for an hour during tax season, I was hands-off.
Persons:
Loudenback, prepped, —, I’m, knowledgeably
Organizations:
CPA