jkellett2
Expert Alumni

Get your taxes done using TurboTax

Congratulations on being a new business owner!

 

Turbotax is a great option for you.  You can choose to prepare the return yourself using TurbotaxLive assistance.  If you feel you need more help, or prefer to have Turbotax prepare it for you, all you have to to is request that.  

 

In preparation for doing your first Self-Employed tax return you will want to be sure you keep records of all income and expenses associated with the business.   Although you are working from home, you may have vehicle mileage for visiting locations to take measurements, etc.  Be sure you keep a careful log of your business mileage for expense purposes.  Other expenses directly related to the business might be computer usage, office supplies, software, advertising, business cards, website, etc.  Keeping careful records will make it much easier when it is time to prepare that tax return.

 

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