Freelancer & Self-Employed Tax
Tax preparation and quarterly estimates for freelancers and independent contractors.
Freelancer and self-employed tax services include Schedule C preparation, self-employment tax calculation, quarterly estimated tax payments (Form 1040-ES and NJ-1040-ES), home office deduction analysis, and business expense maximization. Monaco CPA helps NJ freelancers and 1099 contractors minimize their tax burden and stay compliant.
Freelancing and self-employment come with real tax complexity that W-2 employees never face: self-employment tax, quarterly estimated payments, Schedule C preparation, and a long list of business deductions you need to know about.
This service covers NJ freelancers, independent contractors, sole proprietors, and gig workers - preparing accurate returns, maximizing deductions, and setting up quarterly estimated taxes to avoid underpayment penalties.
Whether you're a designer, consultant, writer, tech contractor, or any other type of self-employed professional, I'll help you understand your tax obligations and keep more of what you earn.
Self-Employment Filing Checklist
Before your appointment, make sure you have your 1099-NECs, business expense records, home office measurements, and estimated tax payment receipts ready. Use the checklist so nothing gets missed.
What's Included
- Feature 1
- Schedule C business income and expense preparation
- Feature 2
- Self-employment tax calculation (Schedule SE)
- Feature 3
- Quarterly estimated tax setup (1040-ES + NJ-1040-ES)
- Feature 4
- Home office deduction analysis
- Feature 5
- Vehicle and mileage deduction tracking
- Feature 6
- Business expense identification and maximization
- Feature 7
- Health insurance premium deduction
- Feature 8
- Retirement contribution strategy (SEP-IRA, Solo 401k)
- Feature 9
- Multi-state income reporting
- Feature 10
- IRS notice support
How It Works
Frequently Asked Questions
What is self-employment tax?
Do I need to make quarterly estimated tax payments?
What home office deductions can I claim?
Can I deduct business expenses paid with personal cards?
"I've had a great experience working with Greg Monaco. He is incredibly detail-oriented and thorough, making sure everything is handled correctly and fully compliant. What really stood out to me is how proactive and dedicated he is. He goes above and beyond to ensure he has a complete understanding before making any recommendations. Greg is also exceptionally patient and takes the time to clearly explain things in a way that's easy to understand, which is something I truly value and haven't always found with other CPAs. Throughout the entire process, I felt confident that he had my best interests as a top priority. I'm looking forward to continuing to work with him long-term and would highly recommend him to anyone looking for a knowledgeable, responsive, and trustworthy CPA."
Laura M.
These testimonials reflect individual client experiences and do not guarantee similar outcomes. Results vary based on each client's specific facts and circumstances. No client was compensated for providing a review. Tax savings and outcomes depend on individual tax situations and are not typical of all client experiences.
Tax Tips & Insights from Greg Monaco, CPA
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Use of this website does not create a CPA-client relationship.
IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, I inform you that any U.S. federal tax advice contained herein is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.