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Daniel is a self-employed consultant. Until this year he was always an employee. He comes to discuss his new business with you. As his tax
Daniel is a self-employed consultant. Until this year he was always an employee. He comes to discuss his new business with you. As his tax accountant, you should: A. Discuss all of the above B. Discuss the self-employment tax, as well as the income tax, on business earnings in order to help Daniel estimate what he might owe in taxes for the year C. Discuss setting up a good record-keeping system for his new business D. Discuss the substantiation requirements for meals and entertainment. E. Discuss the rules for deducting automobile expenses
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