Accounting Built for Consultants & Freelancers
One-person revenue, quarterly tax surprises and the eternal S-corp question. We keep solo professionals compliant, deducted and paying exactly what they owe — no more.
- Quarterly estimate calculations
- S-corp analysis & election
- Deduction capture all year
- Tax filing by a CPA & EA
Solo professionals overpay tax for one reason: nobody is watching the numbers between Aprils. Here's what year-round attention changes.
Quarterly estimates without the guesswork
We calculate safe-harbor payments from your actual income, adjust as the year moves, and kill both the underpayment penalty and the April heart attack. Check where you stand with our quarterly estimator.
The S-corp election, answered with math
Past roughly $40–50K of profit, an S-corp election starts beating Schedule C on self-employment tax. We run your numbers, file Form 2553 when it wins, and run the payroll it requires. When it doesn't win yet, we say so.
Deductions captured as they happen
- Home office, software, equipment and subscriptions
- Health insurance and retirement contributions (Solo 401(k), SEP)
- Travel, professional development and the categories solos routinely miss
Clean books even at solo scale
A light monthly close means invoices, expenses and taxes live in one coherent picture — and loan applications, visa filings or client audits stop being fire drills.
FAQ
I'm under $50K — do I even need this?
Maybe just annual filing plus a quarterly-estimate setup. We'll tell you the smallest package that actually fits.
Can you fix my missed quarterly payments?
Yes — we compute where you are, minimize the penalty exposure and set the remaining payments to land you clean.
Do you handle foreign consultants with US clients?
Yes — W-8BEN setup, sourcing analysis, and 5472 filings if you run a US LLC from abroad.
Stop overpaying as a party of one
Estimates, deductions and the S-corp math — handled year-round for less than one missed deduction.
How we file taxes for consultants & freelancers
Filing for this industry has its own forms, dates and deductions. Here's exactly what a consultants & freelancer return involves when we prepare it.
The forms
Schedule C with SE tax, or 1120-S after an S-corp election; quarterly 1040-ES estimates; 1099-NEC issuance if you subcontract; home-office and QBI calculations.
The deadlines
Quarterly estimates Apr/Jun/Sep/Jan 15; Schedule C rides the April 15 1040; 1120-S March 15 once elected; Form 2553 timing decides when S-corp status starts. Full calendar on our 2026 deadlines page.
The deductions that matter here
Home office, health-insurance premium deduction, Solo 401(k)/SEP contributions (huge and underused), software and subscriptions, professional development, the 20% QBI deduction on qualified income.
Filing FAQ
At what income does the S-corp election pay off?
Typically once profit comfortably clears $40–50K — the payroll-tax savings then beat the added payroll and 1120-S costs. We model your exact number before recommending it.
I missed two quarterly payments. Filing-time disaster?
No — an underpayment penalty accrues but it's modest and calculable. We compute it, minimize it via the annualized method if your income was lumpy, and reset the schedule.