cshort64 Posted September 30, 2011 Share Posted September 30, 2011 Good Day; Quickly, my situation is changing from an employee to consultant, for the past 4 years I have paid my taxes and taken my legal deductions such as children, LTF, RTF, Insurance for Mother in-law, family deductions, etc... Now with my new situation, I will be working for a firm as a consultant without taxes being taken out every month for me, so I must pay my own tax bill. Do I have any additional benefits that I can achieve by doing this, such as I pay my own health and life insurance now, can that help reduce my tax burden? If I work from home can I take some of my rent, anything like this? I assume I need a good tax accountant but I was hoping some of you may have some insight to share before I go to the accounting firms? Any cautionary tales to share or advice is welcome. Regards CHS Link to comment Share on other sites More sharing options...
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