Business Tax Center

 This section applies to:

• LLC owners (single-member or multi-member)
   
• Sole proprietors
   
• Independent contractors (1099-NEC)
   
• Gig workers (Uber, Instacart, DoorDash, Amazon Flex, etc.)
   
• Small business owners
   
• Freelancers & home-based businesses
   
• New business owners who need help for the first time

• 1099-NEC, 1099-K, or other income forms (Provided)
   
• Sales reports, invoices, or revenue logs
   
• Rental or property income (if applicable)
   
• Bank statements for business accounts

 You should have receipts or records for:

• Office supplies & equipment
   
• Software or apps
   
• Marketing & advertising
   
• Business meals & travel
   
• Rent (office, warehouse, home office %)
   
• Utilities (home office %)
   
• Phone & internet (business %)
   
• Vehicle mileage logs or actual auto expenses
   
• Contractor payments (and 1099s issued to them)

• EIN letter (if you have one)
   
• LLC operating agreement
   
• Articles of organization
   
• Payroll reports (if you have employees)
   
• Sales tax filings (if applicable)

Helps make sure nothing is missed such as:

• Depreciation
   
• Prior-year losses
   
• Carry-forwards

 The threshold is being lowered. Many platforms will now send 1099-K forms for payments over $600.
This includes:

• Cash App
   
• PayPal
   
• Venmo
   
• Etsy
   
• eBay
   
• Stripe
   
• Shopify
   

If you get paid through apps, expect extra forms this year.

 For 2025 filings, mileage is trending upward. Keeping a mileage log is more important than ever. 

 If you run your business from home, you can claim:

• Simplified deduction (flat rate), OR
   
• Actual expenses (utilities, rent %, repairs, etc.)
   

Only rule: the space must be used regularly and exclusively for business.

 Section 179 and bonus depreciation may allow you to deduct:

• Laptops
   
• Printers
   
• Cameras
   
• Furniture
   
• Software
   
• Business vehicles
   
• Machinery
   

This can dramatically reduce taxable income.

If you expect to owe over $1,000, the IRS requires quarterly estimated tax payments:

April 15

June 15

September 15

January 15

Even if you missed earlier quarters, I can calculate what you owe now.

 The IRS is increasing audits for:

• Beauty services
   
• Food vendors
   
• Home cleaning
   
• Handymen
   
• Retail pop-ups
   
• Daycare providers
   

Good bookkeeping protects you.

• Schedule C (sole proprietorship)
   
• Partnerships (Form 1065)
   
• S-Corporations (Form 1120-S)
   
• LLC filings

 If your books are messy or incomplete, I organize them before filing. 

Including:

EIN

LLC Guidance 

Business Structure Explanation

www.theluxebabe.com/appointments to book your free consultation or filing appointment...

or email us at Info@theluxebabe.com for more information or additional questions.