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Thursday, March 16, 2017

Filing Taxes as an Voiceover Artist and Independent Contractor

It’s tax season.  It’s like a curse for many small business owners.  Doing your taxes is rarely fun.  Of course, for some there is the reward of a tax return at the end, which makes it easier to contend with the stress and anxiety.  But, whether you get a return or you don’t, you don’t have to panic just because it’s time to schedule an appointment with the accountant.  There are many advantages that come with living and working in this day and age, which begins with a much easier tax return filing process.

Consider the Free- and Low Cost Tax Assistant Sites Going to an account for the preparation of your tax return certainly comes with its own advantages, but today, the website-based services are very used-friendly, fast, and can often point to deductions that you wouldn’t have thought of otherwise.  In fact, in some states, people earning under a certain amount annually can file for free using government websites.  But, even if you are going to opt to see an accountant, it is worth doing a bit of research on the educational sites.  You can find a great deal of information about write-offs and other deductions available to independent contractors, which is exactly what most voiceover artists are.

File Electronically Unless there is an unavoidable reason why you must file by mail, definitely opt to file electronically.  Doing so greatly reduces the chances of an error, and it can get you your refund money much faster (if you are among the lucky 100+ million people in this country who will receive a refund this year).

Opt for Direct Deposit If you are getting a refund, definitely opt for direct deposit rather than a check.  The money will be in your account much faster, and that means that you’ll be able to invest in new voiceover equipment, a new marketing campaign, or other such items of value sooner.

Check the Status If you are concerned that it has taken too long for the tax return to be processed, rather than panicking or thinking the worst, go online and use the tools available to you.  You can check the status of your return, including the estimated date of delivery of your refund.

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