Rice Business Report April Rice Business Report 2019 | Page 21

RICE BUSINESS REPORT APRIL 2019
Tips for Independent Contractors and Self-Employed People on Filing Annual Taxes
Continued from page 18….
You also need to learn what you can and cannot deduct, how to track tips, document income, handle
inventory, produce audit-proof records and create a simple report with all of the numbers necessary for
a Schedule C small business tax return. This all needs to be done before you visit the tax pro, or you can
use it to complete your own tax form.
KiKi Canniff is a retired tax consultant with a talent for making IRS rules easy to understand. She is the
author of a series of financial organizers for self-employed individuals. The Annual Tax Mess Organizer
for Self-Employed People and Independent Contractors explains what the IRS expects of self-employed
people, and how easy it is to keep tax records that will beat an IRS audit. More information on this basic
organizer, as well as industry books, can be found at http://www.OneMorePress.com. All of Canniff's
books are available from Amazon
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