Tax software or CPA for solo business

[JameAmenda]

I quit my law firm job early in 2022 to mostly retire and work part time. I set up my own law firm as a PLLC with my state (Texas), which is a disregarded entity for federal tax purposes as a single member LLC. Texas has no state income tax, and I’m below the threshold to pay Texas franchise tax.

I’ve always used Turbo Tax because my tax situation was simple: W-2 wages, dividends and interest, and the occasional stock sale. For 2022, I have W-2 wages and also business income from my solo firm, as well as business expenses for my firm. I work from my home office, so my expenses aren’t complicated. I plan to use Schedule C for my business.

For anyone in a similar situation, do you use Turbo Tax, some other software, or hire someone to prepare your taxes? My situation seems pretty simple overall, even with the business. Thanks for any guidance.

[LoterGarry]

It can feel like you're sifting through a ton of info without really narrowing it down.

[ClarMander]

Congrats on quitting your law firm job and starting your own solo business. That's quite an accomplishment! I think using tax software like Turbo Tax would be a great option for this situation. They have a lot of resources and guidance to help you with Schedule C, and it's also a cost-effective solution. However, if you're feeling uncertain or have any concerns, it may be a good idea to reach out to computer vision development services for professional advice. They can give you a more personalized approach and ensure everything is in order.