- Serving Taxpayers Since 1993
- File In Person or Fully Virtual
- Year-Round Help, Not Just Tax Season
- Nonprofit & Church Specialists
- Flexible Refund & Payment Options
Plenty of people in Katy work for themselves. Some are engineers who left a payroll job on the Energy Corridor and now bill the same company on a 1099. Others drive for apps, clean homes, or sell crafts online from a house in Seven Meadows. Texas takes no income tax from any of it. The IRS does, and no one holds it back from your pay. We prepare Schedule C returns that report what you earned, claim what you spent, and get you ready for next year.
When You Need a Self-Employed Tax Return
If you were paid for work and no taxes came out, you are probably self-employed in the eyes of the IRS. Think 1099-NEC forms, 1099-K totals from payment apps, cash from customers, and weekend gigs next to a day job. The IRS self-employed tax center says you must file a return once your net earnings from self-employment reach 400 dollars or more.
Schedule C reports the income and costs of the business. Schedule SE figures the Social Security and Medicare tax on the profit. Both go with your Form 1040.
Our Self-Employed Tax Return Process
Start by sending your 1099s, your year-end payout summaries, and a list of what you spent to do the work. Common costs include tools, supplies, software, a work phone, insurance, and business miles. Shoebox records are fine. If all you have is bank and card statements, we go through them line by line with you.
We prepare your Schedule C, Schedule SE and Form 1040 together. Before you leave, we figure quarterly estimated payments for the coming year. That way you can set money aside a little at a time instead of facing one large bill in April.
Why the Federal Bill Feels Bigger in Texas
With no state income tax, your federal return is the whole tax picture. That is good news, but it hides a trap for new consultants. At a W-2 job, your employer paid half of your Social Security and Medicare. Once you go out on your own, you pay both halves. Many people who leave a salaried job in the Energy Corridor are shocked by their first April bill for this reason.
The fix is steady estimated payments. They are due in April, June, September and January. If your income swings from month to month, we can help you size each payment to what you actually earned.
Self-Employed Tax Return Cost in Katy
Pricing turns on the number of income streams and the shape of your records. A single 1099 with a neat expense list is quick. Twelve months of statements where personal and work spending are mixed takes longer. A home office, a work vehicle, or a second business adds time as well. You get our fee up front.
Why Choose Us for Self-Employed Tax Returns
Our firm has filed returns for people who work for themselves since 1993. Our doors stay open after April, six days a week, which helps when a June estimated payment raises a question. Plenty of clients never visit the office. They upload records and sign online from Fulshear, Cinco Ranch or across town. If you later add a partner or hire help, we can grow with you.
Schedule C work fits into the rest of our Katy small business services.
Common Questions
I just left my salaried job to consult. Do I need to pay the IRS every quarter?
Most likely, yes. Once no employer is holding tax back, the IRS expects you to pay as you earn. If your spouse still has a W-2 job, raising that withholding can sometimes cover part of it. We look at both incomes and suggest the simplest plan.
Can I deduct a home office if my family uses the room too?
Usually not. The space has to be used regularly and only for your business. A desk in the corner of a guest room that also hosts visitors generally does not qualify. A spare room set up only for work often does.