Self-Employeds: What Your CPA Doesn't Know Can Hurt You!

Self-employed Tax Solutions arrives as self-employment in America is on the rise. According to the IRS, over 33 million Americans work for themselves. The big corporations know that business success hinges on tax savvy. Now June Walker(interviewed by Business Week), an expert on self-employed taxes, makes the same savvy available to the fast-growing indie segment of the economy.

(PRWEB) January 25, 2005

In Self-employed Tax Solutions, a new book from Globe Pequot Press, Walker shows independent professionals (whom she calls indies) how they too can take advantage of business deductions that will enable them to pay the lowest taxes legitimately possible, and how to keep records quickly, simply, and with a minimum of effort.

Many lawyers, accountants and tax pros provide indies with inaccurate and misleading advice, Walker contends. She recommends hiring a tax pro whose clientele includes the self-employed.

“A lawyer or CPA may know about company perks and stock options, but they don’t necessarily know about the indie life,” Walker says. “For example, most accountants tell indies to set up a separate business checking account. This is an unnecessary expense that will complicate rather than simplify an indie’s recordkeeping.”

Walker also takes issue with the “old husbands’ tale” that indies shouldn’t take office-in-the-home as a business deduction on their tax returns because it supposedly triggers an audit. She points out that IRS rules on office-in-the-home have been liberalized, but many accountants and lawyers have not yet caught up with the changes in the self-employment sector.

Self-employed Tax Solutions explains:

? How to prove to the IRS that your endeavor is a business not a hobby

? Why a gift to mom can be a legitimate business deduction

? How to vacation with friends and still deduct travel expenses

? Under-the-table income: why you’re the one who gets cheated

? How to make estimated tax payments

? Why you should not incorporate

Self-employed Tax Solutions includes easy to use worksheets that guide the reader effortlessly through a recordkeeping method that takes only a few hours a year to implement. Created characters such as wedding photographer Billy Bridesnapper and the clueless CPA Sammy Segar are used to illustrate situations based on the real experiences of indies.

ABOUT THE AUTHOR

JUNE WALKER, has been a financial and tax consultant to entrepreneurs throughout the United States and Europe for more than 25 years. Her international clientele is exclusively independent professionals, from psychologists to IT consultants to attorneys to life coaches, with a large contingent of writers, performers and artists. A popular seminar speaker focusing on educating the independent professional, she lives in Santa Fe, New Mexico. http://www.junewalkeronline.com

PR: For review copies or interview requests, please contact Karen Villanueva (505) 764-8323, email: authorcare@aol.com

# # #