CPA for Freelancers in NYC
What We Handle
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Schedule C Preparation — Full reporting of freelance income and expenses, including 1099-NEC reconciliation and home office deduction calculations under the simplified or actual-expense method.
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Quarterly Estimated Taxes — We calculate and track your federal, New York State, and NYC estimated payments so you don’t overpay or trigger underpayment penalties.
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Home Office & Workspace Deductions — Whether you work from a Brooklyn apartment or rent a coworking desk in Midtown, we identify every deductible dollar tied to your workspace.
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Entity Selection Analysis — At a certain income level, switching from a sole proprietorship to an S-Corp saves real money on self-employment tax. We run the numbers and tell you when it makes sense.
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Self-Employment Tax Planning — Strategies to reduce your 15.3% SE tax burden through retirement contributions, entity elections, and income timing.
Why NYC Freelancers Need a Different Approach
Most freelancers outside New York deal with federal taxes and one state return. In NYC, you’re filing federal, New York State, and a city return — and the combined marginal rate can hit the mid-40s even at moderate income levels. That changes the math on almost every planning decision.
The home office deduction, for example, is worth more here per square foot than almost anywhere else in the country, because NYC rents are factored into the actual-expense calculation. Entity selection timing matters more too, because the self-employment tax savings from an S-Corp election compound when you’re already paying high state and city rates on top. We see freelancers every year who waited too long to make the switch and left thousands on the table.
We also handle the bookkeeping side for clients who need it — categorizing expenses, reconciling bank feeds, and making sure your records are audit-ready before we ever start the return.
Ready to Get Started?
We’ll look at your freelance setup and tell you where the opportunities are — no commitment required.