"In the past decade, the self-employment industry has grown more rapidly than any other employment segment. This has created loads of income opportunities for individuals to work for themselves and find the financial freedom they crave.
The only offset with this freedom is the responsibility of having to organize your income and expenses as well as file your own taxes. The process is a bit different from a traditional job, in which you only receive a W-2 at the end of the year, because when you’re self-employed, you receive a 1099 and are responsible for tracking any expenses to determine if you’re eligible for a tax deduction. While accounting software can handle these tasks for you, it’s also good to know the process if you’d prefer to prepare taxes yourself."
Read more by clicking the link below.
https://quickbooks.grsm.io/SelfEmployedTaxGuide6059