Hi! What should I all be keeping track of through the year other than my income?
Self-employed taxpayers report their business income and expenses on Schedule C.
Here is a link with details: https://turbotax.intuit.com/tax-tips/self-employment-taxes/reporting-self-employment-business-income...
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Hello and thank you for your question. I will answer this question to the best of my ability, but I believe further detail will be needed. For tax filing purposes you will need to keep track of the following: wages, investments, other income, etc. If you have self employment income, then a Schedule C will be needed to be completed to record income from self employment and related costs such as cost of goods sold and expenses directly related to the business. I will include a link about self employment income and expenses. I would also recommend to consider looking into Quickbooks and the mileage application. It is a great tool to keep track of self employed income and expenses to make tax preparation easier and can be utilized as your business grows.
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