Self Employment Accounting
Self-Employment Accounting Services Built for Freelancers, Contractors & Solopreneurs
Being your own boss brings freedom—but it also brings financial complexity. At John W. Robinson, CPA, we specialize in self-employment accounting services that give independent professionals the clarity, control, and confidence they need to run a successful one-person business.
From quarterly tax planning to expense tracking and retirement contributions, our accounting services for the self-employed ensure you’re organized, compliant, and financially prepared—year-round.
What’s Included in Our Self-Employment Accounting Services?
If you're self-employed, your accounting needs are very different from a traditional employee or even a corporation. We provide a full suite of self-employment accounting services that help you stay on top of every dollar:
- Personalized income and expense tracking systems
- Quarterly estimated tax planning and filings
- Self-employment tax optimization
- Schedule C preparation and year-end reporting
- IRS-compliant deductions for home office, travel, meals, and more
- Health insurance and retirement deduction guidance
- Business structure consultation (S-Corp, LLC, sole proprietorship)
- Bookkeeping and financial statement generation
- Audit support and IRS communication
Whether you're a freelancer, contractor, gig worker, or solo business owner, we make sure your self-employed finances are always under control.
The Problems We Solve for Self-Employed Clients
Self-employed professionals often face:
- Confusion about tax deductions and write-offs
- Fear of IRS audits or tax penalties
- Lack of clarity around income tracking and budgeting
- Wasting hours on spreadsheets or software they don't understand
- Paying more taxes than necessary
Our self-employment accounting services solve all of that—and more.
We help you maximize deductions, set aside enough for taxes, and ensure everything is documented properly so that come tax season, you're fully prepared—not panicked.
Who Needs Self-Employment Accounting Services?
Our self-employment accounting services are perfect for:
- Freelancers in writing, design, marketing, tech, and more
- Independent contractors such as real estate agents, delivery drivers, and gig workers
- Consultants and coaches working independently
- Creators and influencers earning income from multiple sources
- Self-employed professionals including therapists, tutors, and fitness trainers
If you're earning income without a W-2 and responsible for your own taxes—you need self-employment accounting.
How to Keep Track of Income and Expenses When Self-Employed?
The IRS expects accurate, detailed records—but tracking income and expenses as a self-employed person isn’t always straightforward. Here’s how we help you keep it clean and compliant:
- Automated Tracking Tools: We connect your bank accounts and payment platforms to accounting software for real-time updates.
- Custom Chart of Accounts: Tailored categories to match your unique business expenses.
- Receipt Management: Digital solutions to store and categorize receipts on the go.
- Monthly Reporting: We send you simple, digestible summaries of your earnings and expenses.
- Tax-Ready Reports: Everything you need for quarterly payments and year-end filings—organized and accurate.
We make it easy to see where your money goes—so you can keep more of it.
What Are the Accounting Methods for Self-Employed?
There are two primary accounting methods recognized by the IRS:
1. Cash Basis Accounting
- Income is recorded when it's received.
- Expenses are recorded when they’re paid.
- Simple and ideal for most freelancers and small businesses.
2. Accrual Basis Accounting
- Income is recorded when earned, not when received.
- Expenses are recorded when incurred, not when paid.
- More complex, but useful for businesses with inventory or invoicing cycles.
We help you choose the best method for your situation—and ensure you're using it correctly to comply with IRS regulations.
Long-Term Benefits of Professional Self-Employment Accounting
When you hire us to handle your self-employment accounting, you're not just getting help with taxes—you’re building a long-term financial system that works for you.
Peace of Mind
No more guessing or stressing over taxes or deductions.
Tax Savings
Strategic planning that keeps more money in your pocket.
Financial Clarity
Know your monthly income, expenses, and profit at a glance.
Business Growth
Clear numbers lead to smarter decisions.
Future Preparation
Whether it's saving for retirement or buying a home, we help make it possible.
It’s more than accounting—it’s your financial foundation.
Why Work with John W. Robinson, CPA?
Self-employed professionals across NYC and beyond trust us because we offer:
- Years of experience with freelancers and small business owners
- Deep knowledge of self-employment tax law and IRS rules
- Personalized, responsive service—available even outside business hours
- Straightforward advice without jargon
- Affordable, transparent pricing tailored for solo professionals
When you're self-employed, every dollar counts. We help you keep more of them—legally and effectively.
FAQs About Self-Employment Accounting
1. Do I need an accountant if I’m self-employed?
Yes—especially if you earn income from multiple sources or aren’t sure what you can deduct. A professional self-employment accountant ensures you file correctly, pay what you owe (and no more), and keep clean records in case of an audit.
2. How do I file taxes as a self-employed person?
You’ll file a Schedule C along with your 1040 and pay both income tax and self-employment tax. You may also need to make quarterly estimated payments. We handle all of this for you and provide reminders so you never miss a deadline.
3. What expenses can I deduct if I’m self-employed?
Common deductions include home office costs, internet, software, supplies, mileage, business travel, and more. We review your situation and help you claim everything you legally qualify for—maximizing your return.
4. How should I track income from multiple sources?
We set up cloud-based accounting systems that integrate with PayPal, Stripe, Venmo, bank accounts, and more. You’ll have a single dashboard showing all your income streams and categorized expenses—automatically.
5. Can you help me set up an LLC or S-Corp for my self-employment?
Absolutely. In many cases, creating an entity like an LLC or electing S-Corp status can save self-employed individuals thousands in taxes. We’ll advise on the best structure, set it up, and manage it for you year-round.
Take Control of Your Finances as a Self-Employed Professional
Don’t let disorganized numbers or tax anxiety hold your business back. With self-employment accounting from John W. Robinson, CPA, you’ll get the expert guidance, structure, and strategy you need to thrive.
📞 Call us at (914) 266-2724
📍 Visit our office at 63 New Main St, Haverstraw, NY 10927
📧 Message us today to schedule your consultation
