Self-Employed and 1099 Taxes in Aurora, Colorado

If you drive for a delivery app, run a trade, consult, clean, haul, cut hair or sell online, you are a business whether you planned to be one or not. Self-employment tax, quarterly estimates and missed deductions are where 1099 earners lose the most money. We fix all three.

Who this is for

• Independent contractors who receive a 1099-NEC or 1099-K instead of a W-2.
• Rideshare, delivery and gig workers with mileage and phone expenses nobody tracked.
• Trades, cleaners, landscapers, truckers and subcontractors paid by check or app.
• Side-business owners who also have a W-2 job and need both handled together.
• Owners who were surprised by a large balance due last year.

What is different about 1099 income

• No withholding. Nobody took tax out during the year. The bill arrives all at once unless estimates were paid.
• Self-employment tax. Social Security and Medicare on your net profit, on top of income tax. Deductions reduce both.
• You keep the records. Mileage, supplies, phone, home office and insurance only count if they are documented. We show you the simplest way to track them.

What we do

1. Rebuild the year. From bank statements, app summaries and receipts we build a clean Schedule C, even if nothing was tracked.
2. Find the deductions. Vehicle, home office, phone and internet, tools and equipment, health insurance, retirement contributions and the qualified business income deduction.
3. File federal and Colorado. Your 1040 with Schedule C and SE, plus the Colorado return, e-filed.
4. Set up next year. A quarterly estimate calendar with amounts, and a decision on whether an LLC or S-Corp election would lower your total tax once income is high enough to justify it.

Quarterly estimates

Estimated payments are due four times a year, in April, June, September and January. Paying them avoids the underpayment penalty and spreads the bill out. We calculate the amounts from your actual numbers, not a guess.

Why 1099 earners choose SB Tax and Accounting

• Fixed-fee returns, so you know the cost before we start.
• Clients served in English and Nepali.
• Same office handles the move to an LLC or S-Corp when the time comes, so nothing is redone.

Related pages

• Bookkeeping services
• Sales tax filing
• Small business tax planning