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I am just beginning to clean a medical office. They will be giving me a 1099 at the end of the year.. I need help knowing what I can deduct; ie: food, gas, supplies! I also need to know if I should pay taxes quarterly!! This is all so new .. HELP ME, PLEASE!!!
Hi @rajellm - welcome to QB Community. You've come to the right place! For starters, here's a quick article outlining the basics of paying estimated quarterly taxes.
Plenty of people come to our community feeling like newbies. This is a great place to share your experience and learn from other members who have been there before :smileyhappy:
Your best bet is to get an accountant who can explain everything to you. I was in a similar state, worrying about what taxes I had to pay and when, and my accountant explained it all to me in a very easy to follow fashion… and how to be the most 'tax efficient'.
The best thing he said to me was, "You go out and concentrate on earning some money, and I'll tell you what to do, and when. Don't worry about it, I'll take care of it."
I'm set up on QuickBooks to sort out my invoicing etc.
@CoherentCreativ wrote:
The best thing he said to me was, "You go out and concentrate on earning some money, and I'll tell you what to do, and when. Don't worry about it, I'll take care of it."
I'm set up on QuickBooks to sort out my invoicing etc.
That's valuable peace of mind!
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