Financial Horizons: Insights for Building Wealth and Securing Your Legacy “5 Smart Tax Tips for the Self-Employed”
By Dr. Jose G. Cardenas, Chief Tax Strategist at The C & R Group, LLC
Being self-employed comes with incredible freedom—and a fair share of tax complexity. Whether you're a consultant, freelancer, side hustler, or full-time business owner, taking a proactive approach to tax planning is crucial to preserving more of your income and building your financial legacy.
**1. Deduct Your Business-Related Expenses**
Everything from software to supplies to client lunches may qualify as a deduction—if it’s ordinary and necessary for your business. Track expenses throughout the year.
**2. Use the Right Accounting Method**
Cash or accrual? The method you choose can affect your taxable income. Be strategic about how and when income and expenses are reported.
**3. Home Office Deduction**
If you use part of your home *exclusively and regularly* for business, you may qualify for a home office deduction. This includes a portion of rent, utilities, and more.
**4. Health Insurance Premiums**
If you pay for your own health insurance, you may be able to deduct premiums—helping you reduce taxable income while protecting your health.
**5. Work with a Tax Pro**
Don’t go it alone. A tax professional can help you uncover deductions, avoid red flags, and set up smart strategies for future growth.
📅 Ready to maximize your tax savings as a self-employed professional?
Book your personalized tax strategy session today:
👉 https://api.leadconnectorhq.com/widget/booking/T4UHUjCijCtIB3rwoTDI
Dr. Jose G. Cardenas is a retired U.S. Army Finance Officer and the Chief Tax Strategist at The C & R Group, LLC. With a Doctorate in Business Administration and over 20 years of experience in tax planning, finance, and life insurance, he helps self-employed professionals and business owners protect their wealth and build lasting legacies. Learn more at www.thecrgroupllc.com
📌 Disclosure: This article is for educational purposes only and not intended as personalized tax, legal, or financial advice. Tax planning and insurance strategies may be offered through The C & R Group, LLC and its affiliates.
#SelfEmployedTaxes #TaxTips #FinancialHorizons #DrJoseCardenas #TheCRGroup #TaxSavings #WealthStrategy #BusinessSuccess
Secure Your Financial Future
Have questions or ready to take the next step?
Whether you’re exploring services or ready to schedule, we’re just a message away.
Your financial clarity starts here.
Contact
