Small Business Tax Tips for 2020—and Beyond
Guest: NAIWE’s Tax Expert Kajli Prince
It’s tax time! Are you ready? Learn about relevant credits and deductions that apply to independent writers and freelance editors, with a focus on the new deduction. The Qualified Business Income Deduction is a new provision from the most recent changes in the tax law (Tax Cuts and Jobs Act) that allows small business owners to deduct up to 20% of their qualified business expenses.
Here’s what you can expect to learn in this class:
The Qualified Business Income Deduction
Other deductions that freelancers may want to take
How to benefit from credits
The new tax provisions
Duration: 1 hour
Kajli Prince has over 20 years of experience in small business tax preparation; he is the office manager of H&R Block’s Sudley Manor Office in Manassas, Virginia. As a self-published author, Prince holds a special appreciation for NAIWE and its members. One of his passions is sharing relevant information with people and showing them how best to use it for their benefit. Prince is a small business owner of 25 years, and his specialties include emerging currencies (e.g., virtual/crypto currencies), information technology, intellectual property, and business administration.