When you’re self-employed, your business profit lands on Schedule C and you owe both income tax and the 15.3% self-employment tax. The difference between a good and a bad return is whether your legitimate deductions are actually captured. Marion Tax Service makes sure they are.
We prepare Schedule C with your 1040, calculate self-employment tax and the deduction for half of it, and capture the home-office, mileage, equipment, and health-insurance deductions that freelancers routinely leave on the table.
What’s Included
Self-employed preparation covers your full personal-and-business filing:
- Schedule C profit-or-loss from business, filed with your Form 1040
- Schedule SE self-employment tax, with the deduction for half of it
- Home-office deduction (simplified or actual-expense method)
- Business mileage and vehicle-expense tracking
- Equipment and Section 179 expensing
- Self-employed health-insurance and retirement-contribution deductions
- A look at whether an S-election would cut your SE tax going forward
Who It’s For
Self-employed preparation is built for people who work for themselves:
Freelancers & Consultants
Independent professionals paid on 1099s who need every deduction captured.
Side-Business Owners
People running a business alongside a W-2 job who file a Schedule C.
Tradespeople & Contractors
Self-employed trades with vehicle, tool, and material expenses to track.
Gig & Platform Workers
Rideshare, delivery, and platform earners who need mileage and expenses done right.
Why Marion Tax Service
Most self-employed people overpay because they don’t track or claim what they’re entitled to. With more than 50 years of experience, our team knows the deductions that survive scrutiny — and the difference shows up directly in your bottom line.
Once your profit is high enough, we’ll show you whether electing S-corp status would save self-employment tax — a planning move that’s often worth thousands.
Related services: Quarterly Estimates S-Corp Returns Tax Planning.