First-Year Freelancer / 1099

“As someone who just became self-employed, how do my taxes work now?”

When someone becomes self-employed, taxes often shift from employer withholding to tracking income, expenses, and estimated payments on a more active basis. The answer usually depends on how the work is set up, whether it is a side business or full-time freelance work, and what records are kept for invoices, mileage, equipment, and other business costs. Self-employment can also affect how income is reported, whether quarterly payments come into play, and how retirement or health insurance costs are treated. Keeping clean records from the start often makes the filing process much clearer. Walking the details through with a CPA is the fastest way to know what truly applies here.

This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.