G.I. Tax Blog

With the deadline for filing your tax return quickly approaching, you may think that you can file your taxes on your own. While technically you can, you may be missing out on several advantages that using a tax professional can provide.

Every year you do your taxes but have you ever stopped and wondered how the payment of income taxes got started? Or why the due date to file tax returns is April 15?

The federal government’s top source of revenue, income taxes are an important part of society. It’s how we pay for many of the necessities that are a part of our daily lives. Members of the nation’s workforce as well as entities such as corporations, trusts, estates, and others that pay income taxes with their profits pay these taxes.

Being self-employed can be a difficult and costly task. As a business owner, you’re responsible for all costs of your company as well as getting customers and generating income.

Luckily, the government has taken into account these hardships giving the self-employed certain tax deductions that can make their financial situation a little easier.

Self-Employment Tax Deductions