Tax Deductions for Tradesmen by Fast Tax Service Center

Experienced artisans, from computer service technicians to mechanics and workers, can request deductions on the costs incurred by their work at tax time to reduce their tax burden.

Orlando, FL, February 20, 2020 --( Jean Gilbert Fils Bastien, General Manager of Fast Tax Service Center of East Orlando is a Musician, Mix and Multimedia artist for almost two decades. He started with his admission to South Miami Senior High School of the Arts, and later his graduation from Miami Sunset Senior High as a member of the Music Honors Society. Thereafter working diligently at his polymath ensemble of talents with local churches and musical acts for years, investing his time and resources in the pursuit of his passion. Jean also took the time to rear a family while actively engaging his career in the corporate environment. Now as the General manager of Fast Tax Service Center of East Orlando, the understanding and intimacy with the world of the artisans permit the distillation of facts as it relates most to those in pursuit of their artisanal passions.

Experienced artisans, from computer service technicians to mechanics and workers, can request deductions on the costs incurred by their work at tax time to reduce their tax burden. What this means is simply the things and resources a client invest in for their success are there to offset their tax liability. If the clients are an employee, they can expect to receive Form W-2, Wage and tax returns from their employer. Those craftsmen who work for themselves or on a contract basis and are considered self-employed.

Self-employed persons even while representing a brand or company are those who receive a 1099-MISC Form (other income). Even without this document, the self-employed must report their income in Schedule C, Profit or Loss from Business, and any net profit in excess of $ 400 is subject to the tax on self-employment. You may have to pay estimated taxes on the amount you specify in Schedule C Form. If you have non-reimbursed work-related expenses, you may be able to deduct them as a performing artisan.

Self-employed artisans can deduct the costs of operating the business. With the Schedule C some deductible costs include:

- Required safety equipment and personal protective equipment, e.g.. steel toe shoes.
- Maintenance and repair costs for uniforms or other required clothing, including protective helmets, overalls, and gloves, unless these are suitable for streetwear.
- Equipment that can be replaced within the year
- License fees, flat-rate professional taxes or other certification costs, unless this is the first certification you receive
- Liability and tort insurance premiums
- Union or association contributions
- Fees for subscriptions to trade journals and magazines for your industry

If you are in a period of temporary unemployment, you can deduct the costs associated with finding a job, as long as you continue to find employment in the area in which you were previously employed. Do odd jobs to survive on unemployment.

Some educational courses can be deducted if they meet certain requirements. Refreshing courses, professional classes, and courses on new developments in retail are usually deductible. The class cannot be deducted if it qualifies you for the minimum requirements of your job or for a whole new career.

Those who submit a Schedule C are eligible for business expenses deductions, including:

- Travel expenses if you use your own vehicle for business expenses
- All fees related to legal or professional services related to the business
- Rental fees for real estate used by the company
- Mission expenses, although they must meet all standard time and distance requirements
- Equipment repair cost
- Business supplies
- Bad business debt
- Personal property or excise duties
- Advertising fees
-Payments, salaries or commissions paid to employees

This tax season the community can expect the convenience of having:

- No upfront Charges
- Drop of Services
- Mobile App to File Taxes On the Go
- eFile in all 50 States
- Cash Advance Up to $9500.00 Same Day
- Free two-person cruise to the Bahamas

With every filling.

Finally, Fast Tax of East Orlando offers:

- Taxes Services: Personal, Business, and Corporate,
- Local Sales Tax, VAT, Legally Required Corporate Documentation,
- Bookkeeping: Manage daily transactions,
- Payroll: Management of payroll and taxes,
- Planning: Reporting and advice to support growth,
- Payables & Receivables: Management of supplier and customer invoices.

As a growing Franchise Fast Tax Service Center of East Orlando location is intended to be a point of interest for anyone in the community that is seeking the counsel of a specialist in taxes.

Fast Tax Service Center of East Orlando
(407) 985-4335
7318 East Colonial Dr.
Orlando, Florida 32807
Fast Tax of East Orlando
Nicole O'connell