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Get Expert Tax Advice
by P. Fox
(Houston, TX)
While it may seem expensive, it is safest to discuss this topic with a tax accountant before starting a practice. Trying to "fix" the situation after the fact is only a false economy and puts you at risk of audit as well as the specter of paying too much or too little tax. A simple consultation will give you the direction you need to choose a business bookkeeping and records software like Quickbooks and help you maximize both deductions and expenses in your massage business. You need to make quarterly estimated tax payments as well, and the right set up helps you to do this smoothly without panic. Sure, you can read do it yourself books on self employment, but it really makes no sense not to see a tax planner to get started.
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