Self-Employed and 1099
Schedule C support for freelancers across Brooklyn creative, tech, and professional services.
Quarterly Estimates and Planning
Quarterly planning that keeps Brooklyn taxpayers ahead
Update projections, adjust cash reserves, and prevent surprise balances with structured check-ins.
- Quarterly projection meetings with actionable tasks
- Scenario modelling for hiring, bonuses, and distributions
- Estimate vouchers and EFTPS instructions in every delivery
What you get
- Quarterly tax projections based on year-to-date income and expenses
- Integration with bookkeeping software or spreadsheet data
- Scenario planning for income changes, bonuses, and capital gains
- Self-employment tax calculations for freelancers and business owners
- Quarterly estimated tax calculations for federal and state
- +9 more included items
Simple process
1Data integration and analysis
2Tax projection calculation
3Quarterly payment calculation
+4 more steps
Brooklyn-based CPA
Secure document exchange, same-day acknowledgement, and direct access to your tax preparer.
Comprehensive tax preparation for Brooklyn residents
We build a custom projection workbook that feeds from your bookkeeping or payroll system and updates each quarter. Our CPAs integrate with your accounting software or spreadsheets to pull year-to-date income and expense data. We project your annual income based on current trends and calculate your estimated tax liability. We account for self-employment tax, additional Medicare tax, and state and local taxes. We update projections quarterly to reflect changes in income, expenses, and tax law.
Scenario planning covers income shifts, capital gains, and new hiring so you understand the tax impact before decisions are final. We model different scenarios including bonus payments, stock sales, business expansions, and other income changes. We show you the tax impact of each scenario and help you make informed decisions. We also coordinate with your financial advisor on retirement contributions, investment strategies, and other planning opportunities.
Filing instructions and due date reminders are delivered with each estimate so payments are timely. We calculate your required quarterly payments based on prior year tax or current year projections. We provide EFTPS instructions for federal payments and state payment instructions. We send reminders before each quarterly deadline and confirm when payments are made. We also monitor your account to ensure payments are properly credited.
We coordinate year-end tax planning to minimize your tax liability and maximize deductions. We review your year-to-date situation and identify opportunities for tax savings. We coordinate timing of income and deductions, evaluate retirement contribution strategies, and plan for estimated payments. We provide actionable recommendations that you can implement before year-end.
What's included
- Quarterly tax projections based on year-to-date income and expenses
- Integration with bookkeeping software or spreadsheet data
- Scenario planning for income changes, bonuses, and capital gains
- Self-employment tax calculations for freelancers and business owners
- Quarterly estimated tax calculations for federal and state
- EFTPS instructions and payment vouchers for federal payments
- State payment instructions and due date reminders
- Payment confirmation and account monitoring
- Year-end tax planning recommendations
- Coordination with financial advisors on planning strategies
- Retirement contribution planning and optimization
- Ongoing support for tax planning questions
- Secure archive of all projections and planning documents
- Post-year-end planning review and adjustment recommendations
Typical scenarios we handle
- Brooklyn freelancers and self-employed individuals who need quarterly estimated tax planning
- S-Corp and partnership owners who need quarterly planning for distributions and estimated payments
- W-2 employees with significant side income who need estimated tax planning
- Brooklyn residents receiving bonuses or equity compensation who need tax impact analysis
- Business owners planning expansions or major purchases who need tax impact modeling
- Individuals selling investments or real estate who need capital gains planning
- Brooklyn taxpayers planning retirement contributions who need optimization strategies
- Individuals experiencing income changes who need updated tax projections
- Business owners planning distributions or owner draws who need tax impact analysis
- Brooklyn residents planning major life changes who need tax planning support
How we prepare your return
1
Data integration and analysis
We integrate with your bookkeeping software or spreadsheets to pull year-to-date income and expense data. We analyze trends and project your annual income.
2
Tax projection calculation
We calculate your estimated tax liability for the year including federal, state, and local taxes. We account for self-employment tax, additional Medicare tax, and other applicable taxes.
3
Quarterly payment calculation
We calculate your required quarterly payments based on prior year tax or current year projections. We ensure payments meet safe harbor requirements to avoid penalties.
4
Scenario planning
We model different scenarios including income changes, bonuses, stock sales, and other events. We show you the tax impact of each scenario.
5
Payment instructions and reminders
We provide EFTPS instructions for federal payments and state payment instructions. We send reminders before each quarterly deadline.
6
Payment monitoring
We monitor your account to ensure payments are properly credited. We confirm when payments are made and track your payment history.
7
Year-end planning
We coordinate year-end tax planning to minimize your tax liability. We identify opportunities for tax savings and provide actionable recommendations.
Brooklyn and New York City considerations
- We ensure New York City resident tax is included in quarterly planning for Brooklyn residents
- We coordinate NYC Department of Finance estimated tax requirements when applicable
- We understand Brooklyn-specific tax rules and ensure proper planning for local taxes
- We coordinate with Brooklyn-based employers on withholding adjustments
- We handle New York State estimated tax requirements and coordinate with state agencies
- We coordinate NYC nexus planning for businesses with Brooklyn operations
- We ensure compliance with New York State and NYC estimated tax requirements
Frequently asked questions
Do you work with financial advisors?
We coordinate with your advisor to align retirement contributions, stock sales, and tax projections. We ensure tax planning aligns with your overall financial strategy.
Can you integrate bookkeeping data?
Yes. We pull figures directly from bookkeeping platforms including QuickBooks, Xero, Wave, and FreshBooks, or from supplied spreadsheets. We ensure projections stay current with your actual income and expenses.
Is year-end planning included?
The fourth quarter session includes year-end tax projection review and actionable recommendations. We identify opportunities for tax savings and help you implement strategies before year-end.
How do you calculate quarterly payments?
We calculate quarterly payments based on either prior year tax (safe harbor method) or current year projections. We ensure payments meet safe harbor requirements to avoid underpayment penalties.
What if my income changes during the year?
We update projections quarterly to reflect changes in income, expenses, and tax law. We adjust payment amounts as needed and provide updated estimates.
Can you help with retirement contribution planning?
Yes. We evaluate retirement contribution options including SEP IRAs, Solo 401ks, and traditional IRAs. We help you maximize contributions to reduce current year tax liability.
How do you handle self-employment tax in projections?
We calculate self-employment tax on Schedule SE for Social Security and Medicare contributions. We include self-employment tax in quarterly projections and ensure payments cover both income tax and self-employment tax.
What happens if I don't pay enough estimated tax?
If you don't pay enough estimated tax, you may face underpayment penalties. We ensure payments meet safe harbor requirements to avoid penalties. We also coordinate penalty abatement if you qualify.
Schedule a consultation
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