Tax Tips from Stu Steinberg – CPA, National Speaker & Financial Advisor
“Celebrating 25 Years in the Business”
IRS form Schedule C is used for non-incorporated entrepreneurs to report their income and expenses. It is a very detailed form and it is most important to consult with a trusted advisor who has experience with the self-employed individual or small business. Here at Erock Tax we have done thousands of these returns over the years and can help you navigate the world of income and deductions.
Some of the key deductions on the form include advertising, car and truck expenses, legal and professional, office, meals and entertainment, telephone, and education expenses, if they are incurred to maintain your career, not to advance it. These are just a few deductible items, and it is best to get set up to track your expenses as early in the calendar year as possible. Budgeting is far too often overlooked by the small business entrepreneur, which can lead to more tax due come tax time!
About Stu: With more than 25 years of experience as a credentialed tax professional, Stu Steinberg brings a broad depth of knowledge to his work. Stu founded Erock Tax to help provide tax strategies to individuals, families and small businesses. He uses his CPA expertise to help each client navigate their long-term debt and mortgage, gaining them the best deals and rates possible. Stu is passionate about empowering his clients through education about their tax health. He is highly energetic and brings a sense of optimism, creative problem-solving and a deep level of commitment to every Erock client.