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Business · Business Tax

Self-Employed & 1099 Tax Planning in Utah

Self-employment tax, quarterly estimates, deductions, and entity strategy, handled so 1099 income does not mean a tax-time surprise.

Request a Business Tax Review(801) 610-9570

What you get

Going out on your own is freeing until the first tax bill lands. 1099 income comes with self-employment tax, quarterly estimates, and a stack of deductions most people miss, and no employer withholding to smooth it out.

We help self-employed people and 1099 earners across Utah get ahead of it: right-sized quarterly payments, every deduction you are entitled to, and a clear answer on whether an S-corp would save you money.

What's included

  • Self-employment tax planning and quarterly estimates
  • Home office, mileage, and equipment deductions done right
  • Retirement options that lower taxable income (Solo 401k, SEP-IRA)
  • Health insurance and QBI deduction review
  • S-corp election analysis once your profit supports it
  • Bookkeeping to keep it all clean and claimable

Why it matters

The difference it makes

No April surprises

Quarterly estimates sized right so the bill never blindsides you.

Every deduction

Home office, mileage, equipment, and retirement, captured correctly.

Lower your SE tax

From retirement contributions to an S-corp election when it fits.

Clean, claimable books

Records that actually support the deductions you take.

Transparent, up-front pricing

Planning sessions start at $550, and Individual preparation starts at $325. We confirm your price before we start.

Request a Business Tax Review

Service area

Self-Employed & 1099 across Utah County & the Wasatch Front

5D provides self-employed & 1099 to businesses and individuals throughout Utah County and the surrounding Wasatch Front. Most of our work happens securely online, so you get the same team whether you are down the street or across the valley. Find your city:

FAQ

Self-Employed & 1099 questions

Still unsure? Ask us directly.

What is self-employment tax?
It is the 15.3 percent Social Security and Medicare tax on your net self-employment income, on top of regular income tax. Half of it is deductible, and planning around it is where real savings start.
Do I need to pay quarterly estimated taxes?
Usually yes, if you expect to owe about $1,000 or more for the year. Paying the right amount four times a year avoids underpayment penalties and the shock of a large April balance.
What can I deduct as a 1099 contractor?
Common deductions include home office, mileage or vehicle expenses, equipment, phone and software, self-employed health insurance, and retirement contributions. We make sure you capture what you are entitled to with records that hold up.
Should I form an LLC or elect S-corp status?
An LLC is about liability and structure; an S-corp is a tax election that can lower self-employment tax once profit is high enough. They are not the same decision, and we run your numbers before recommending the election.
How much should I set aside for taxes?
A rough starting point is 25 to 30 percent of your net income, but the right number depends on your bracket, your state, and your deductions. We dial it in so you are not guessing.
Can I still contribute to retirement if I'm self-employed?
Yes. A Solo 401k or SEP-IRA lets you shelter a significant amount of income from tax while building retirement savings, which is one of the strongest levers available to the self-employed.

Related services

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S-Corp Tax Planning

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Individual Tax Preparation

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Ready to talk about self-employed & 1099?

Tell us about your situation and we'll walk through exactly how 5D can help.

Request a Business Tax Review(801) 610-9570