Kade just became a self-employed consultant. Prior to this year, Kade had always worked as...
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Accounting
Kade just became a selfemployed consultant. Prior to this year, Kade had always worked as an employee. He comes to discuss his new business with you. As his tax accountant, you should:
a Discuss the selfemployment tax, as well as the income tax, on business earnings in order to help Daniel estimate what he might owe in taxes for the year.
b Discuss setting up a good recordkeeping system for his new business.
c Discuss the rules for deducting automobile expenses.
d Discuss the substantiation requirements for meals.
e Discuss all of these choices.
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