Bonus: Smart Tax Moves Every Solopreneur Needs to Know

This special bonus episode of So Money is brought to you by TurboTax Experts for Business.

And today, we are tackling a topic that so many of you are thinking about right now… taxes.

If you are freelancing, consulting, running a side hustle, or fully self-employed, this episode is for you.

Because here is the truth. No one really prepares you for this part of entrepreneurship. One minute you are feeling proud of the income you are generating on your own, and the next you are wondering, wait… what does this mean for my taxes?

Joining the show is CPA and TurboTax expert Lisa Greene-Lewis, who has more than 20 years of experience helping individuals and small business owners navigate the tax code. She has also been self-employed herself, so she gets it. The overwhelm, the confusion, and yes, the fear of doing something wrong or leaving money on the table.

We unpack:

• The biggest mistakes solopreneurs make when filing taxes and how to avoid them
• What you actually need to know if you are earning income outside a traditional job
• Why quarterly estimated taxes matter and what happens if you skip them
• Deductions you might be missing, including home office, startup costs, and even your car
• How to stay organized without making this a full-time job
• What really triggers an audit and what does not
• Whether filing an extension is a smart move

How TurboTax Can Support You

One of the things I appreciate about TurboTax Experts for Business is that you have options.

You can file your taxes working alongside an expert, or you can hand it off to a pro who can do it for you! - either way, you’re matched with an expert that knows your specific industry. That part is key. Whether you are a freelancer, consultant, or small business owner, you can get matched with someone who knows your world.

They also offer year-round support, which means you do not have to wait until next April to ask your questions. And with new tools, including AI features, they can help you stay organized and even uncover deductions you might not realize you qualify for. Visit TurboTax.com/Business to learn more.

---

Hosted on Acast. See acast.com/privacy for more information.