Self-employed and freelancers
Working for yourself? Let’s make taxes predictable
Consultants, contractors, creators and side businesses: we handle your return, track your deductions and set quarterly estimates so April isn’t a shock.
What we take care of
- Schedule C with your federal return, and your Virginia return
- Self-employment tax and the deductions that reduce it
- Business expenses: home office, vehicle, equipment, software and travel
- 1099-NEC and 1099-K income from clients and platforms
- A quarterly estimated tax schedule, federal and Virginia
- Retirement savings options for the self-employed
Avoiding surprises
With no employer withholding tax, it’s easy to owe more than expected. Setting aside money each month and paying estimates on time avoids underpayment penalties. Read our guide to quarterly estimated taxes in Virginia.
Growing beyond freelance?
When profits rise, it may be worth forming an LLC or electing S-Corporation status. See LLC or S-Corporation? and talk to us before you switch.
Questions from the self-employed
Do I have to pay estimated taxes?
Generally, yes, if you expect to owe at least $1,000 in federal tax for the year after withholding and credits. Virginia requires estimates if you expect to owe more than $150 after withholding and credits.
When are 2027 estimated payments due?
Federal: April 15, June 15 and September 15, 2027, and January 18, 2028. Virginia: May 3, June 15 and September 15, 2027, and January 18, 2028.
What records should I keep?
Income records such as invoices and 1099s, receipts for business expenses, a mileage log if you use your car for work, and bank statements. Keeping business and personal money in separate accounts makes this much easier.