BUSINESS INCOME
1099-NEC, 1099-K and other income
We reconcile tax forms, deposits and income records so the return reflects the full business activity—not only the forms received.
Port Washington, New York
Self-employed & 1099 tax preparation.
Schedule C tax returns for freelancers, independent contractors, sole proprietors and single-member LLC owners.
Schedule C & self-employment tax
Turn business activity into a complete tax return.
We connect your 1099 income, business records, expenses and estimated payments to the federal and applicable state filings.
SCHEDULE C EXPENSES
Ordinary business costs
We review categorized expenses and supporting records for items such as supplies, software, insurance, professional fees, vehicle use and a qualifying home office.
SELF-EMPLOYMENT TAX
Schedule SE and estimated payments
We calculate applicable self-employment tax and review federal and state estimated payments already made during the year.
ASSETS & EQUIPMENT
Major purchases and depreciation
We identify equipment, vehicles and other business assets that may require depreciation or separate tax treatment.
Schedule C vs. S corporation
As profit grows, the business structure deserves another look.Growing profits? Review your structure.
An S corporation election may be worth evaluating when a Schedule C business becomes consistently profitable. The answer depends on net profit, reasonable shareholder compensation, payroll and filing costs, state taxes and the owner’s full tax situation.
We compare the current structure with the additional obligations of an S corporation before you make a change. An election is not automatically a tax savings, and the right time is different for every business.
Reasonable compensation and payroll
A shareholder who performs services for an S corporation may need wages through payroll before taking non-wage distributions.
Federal and New York elections
Eligible entities generally use Form 2553 for the federal S election. A separate New York election may also be required.
Separate business return
An S corporation files Form 1120-S and issues a shareholder Schedule K-1, adding filing and recordkeeping responsibilities beyond Schedule C.
Clear pricing
A quote before we start.
Fees depend on the condition of the records, number of income sources, business expenses, assets, states and whether bookkeeping cleanup or entity planning is needed.
More about our pricing →Self-employed tax returns
Quoted after review
Bookkeeping cleanup and S corporation planning are scoped separately.
Discuss your returnGetting ready
Start with the business records.
You can book a consultation even if the books are not completely organized yet.
Income records
Forms 1099-NEC, 1099-K and 1099-MISC, invoices, payment processor reports and records of income not shown on a tax form.
Expenses and assets
Bookkeeping reports, categorized expenses, receipts, vehicle mileage, home-office details and records for equipment or other major purchases.
Prior return and payments
Last year’s return, estimated tax payments, notices and any business formation or tax-election documents.
Books need cleanup?
We can review catch-up bookkeeping before preparing the return.
Bookkeeping & accounting →Simple process
From business records to filing.
Book a consultation
Schedule a phone or office consultation. Upload relevant documents through our secure client portal before we meet.
Get a clear quote
During your consultation, we’ll review your needs and explain the services and price. You decide whether to proceed.
Review the return
We explain Schedule C, self-employment tax and applicable state filings before you authorize filing.
Do I report business income if I did not receive a 1099?
Generally, business income must still be reported even when no Form 1099 was issued. We compare tax forms with invoices, deposits and payment records to identify the total business income.
Does a 1099-K automatically equal taxable profit?
No. Form 1099-K reports payment activity, not the business’s taxable profit. We reconcile the form with gross receipts, refunds, fees and the related business expenses.
Can an S corporation reduce my taxes?
Possibly, but not automatically. We review net profit, reasonable compensation, payroll, additional filing costs, state taxes and your overall situation before discussing whether an S election may be worthwhile.
Can you prepare the S corporation return after I make the election?
Yes, when the work falls within the agreed engagement. An S corporation return is separate from the owner’s personal return and is quoted separately.
S corporation tax preparation →What if my bookkeeping is behind?
Bring the records you have. We can discuss cleanup or catch-up bookkeeping first, then confirm the tax preparation scope and fee.
Let’s talk about your self-employed income.
Schedule C and 1099 tax preparation for freelancers, independent contractors and small business owners in Port Washington and nearby communities.