Now accepting new clients for the 2027 tax season.

Self-Employed & Sole Proprietors

Working for yourself shouldn’t make tax preparation more complicated.

The Square Penny prepares individual tax returns for independent contractors, freelancers, delivery drivers, and sole proprietors reporting business income and expenses on Schedule C, including qualifying single-member LLCs taxed as sole proprietorships.

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Who we help

What we prepare

Your self-employment income is reported as part of your individual Form 1040, not on a separate business return. That usually includes:

  • Schedule C: your business income and the business expenses you can support with records.
  • Schedule SE: self-employment tax (Social Security and Medicare) on your net earnings.
  • Related forms when they apply, such as Form 8829 for business use of your home or Form 4562 for equipment and vehicles.
  • Planning for next year’s estimated taxes, so a balance due doesn’t catch you off guard.
What this service covers. We prepare Schedule C as part of your individual return, including qualifying single-member LLCs taxed as sole proprietorships. We don’t prepare separate partnership (Form 1065) or corporate (Form 1120 or 1120-S) returns.

Common considerations

  • Every source of income counts, whether or not you received a 1099 for it.
  • Deductions depend on eligibility and records. We claim the business expenses you qualify for and can support; we don’t guess.
  • Self-employment tax generally applies once net earnings from self-employment reach $400 for the year.
  • Estimated payments are usually due in April, June, September and January when no tax is withheld from your business income.

You receive a quote after we review your intake and documents. Choosing a service page doesn’t determine your final fee or guarantee that we can take your return.