I’m not sure how it works in us, but you’d assume it’s like this everywhere
You probably don’t need accountant, google something like 1099 deductions or even something like how to pay no tax 1099. It would be different from country to country but there’s always little loopholes
In Australia they changed the rule with receipts and they take bank statements for a lot of things now. This means when you get fuel make sure you get a pack of smokes and coffee and stuff cause it all just shows on your bank statements as ‘Caltex’ or whatever - you just wrote off breakfast and smokes, bro
That’s just an example, do some googling but you should be able to write off fuel, work related clothing and ppe, did you buy a phone or a laptop this financial year cause that’s deductible cause you need it for invoicing, and just on that - do you have a room or a space in your place set up as home office for paperwork? Cause you can claim on that, too
There shouldn’t be heaps of weird shit involved with your amounts, just google your taxable income and the brackets and see what you can do to lower it
All these expenses come off your taxable income if that makes sense?
Topic: Taxes (Read 374 times)