Self Employed FAQ's

1. "Cash" vs "Accrual" Basis
2. What Forms Do I File?
3. Do I Need A Federal ID Number?
4. Employees and Payroll Taxes
5. Do I Pay Myself A Salary?
6. What Kinds of Records Do I Need To Keep?
7. Self-Employment Tax
8. Is Health Insurance Deductible Thru My Business?
9. Can I Take Deductions For Using My Home?
10. Do I Need To Keep An Inventory?
11. Can I Deduct Bad Debts?
12. Should I Buy or Lease My Car or Truck?
13. How Do I Deduct Car or Truck Expenses?
14. What Is Deductible "Business" Mileage?
15. What If I Sell or Trade In My Vehicle?
16. How Do I Handle Out-of-Town Travel?
17. What Are The Rules for Business Gifts?
18. Can I Claim A Deduction for my Computer?
19. What Are The Rules for Business Meals or Entertainment?
20. Do I Need To Pay Estimated Taxes?
21. What If I Show A Loss?
22. Keogh, SEP, SIMPLE or Just IRA... What's Best for Me?
23. Equipment: Sec. 179 or Depreciation?
24. Employee vs Independent Contractor
25. What Are Limited Liability Companies (LLC)?