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Schedule C Revenue How to Report Your Business Income

If you receive 1099 income, you could be leaving money on the table at tax time. In this video, CPA Nick Grantham breaks down the Schedule C — what it is, how to fill it out, and the key deductions (mileage, home office, supplies, and more) that can lower your taxable income. Whether you're a contractor, side-gig earner, or new business owner, this guide will help you avoid overpaying on your 1099 taxes.

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*Timestamps:*
00:00 Intro: Schedule C for 1099 & self-employe
00:47 W-2 vs. 1099 & why Schedule C matters
01:48 Top section: business info, codes & accounting method
04:27 Part 1 & 2 overview: how your tax is calculated
05:00 Reporting total income
06:06 Part 2: business expenses & deductions (mileage, supplies, etc.)
08:43 Home office deduction (actual vs. simplified method)
09:42 Line 31, self-employment tax & real example
10:36 Schedule F & Schedule E mentioned
11:05 Wrap-up & call to action

How to Fill Out Schedule C (Step-by-Step for Beginners)

Bank Credits vs Accounting Credits Explained

Client Testimonials

Hannah Guerra

I called this office and they got me in quick. I normally file my taxes early, but life happens. My tax filing person was Nick. He was friendly and got documents typed and ready to sign quick. I definitely found my new tax people for sure. 🙂

Randy DeWeese

So glad we found this CPA firm for our plumbing business! They respond quickly and are so pleasant to work with.

Gregory Auen

Great experience with Mitzi and her Team. Responsive, attentive and insightful. Maybe best trait is no b.s. Sound guidance, no shenanigans.

Dustin Hachtel

In the first few years of business, I struggled with the accounting and tax filings. I went through multiple CPA’s trying to find someone that could help with the scenario of business I operate. Mitzi and her staff have helped me out tremendously. I will always recommend them.

Tomie Fox

Mitzi and her staff are amazingly friendly and are always available to talk when I have questions. I recommend them to anyone looking for professional accounting services. Mitzi E. Sullivan CPA is the best in Decatur and Wise County.

Debbie Newberry

We have used Mitzi Sullivan’s office for full accounting services for our business the past two years – bookkeeping, payroll and taxes. The office is easy to work with; very responsive, knowledgeable, and friendly. They came highly recommended to us, and we highly recommend them as well!

Nancy Sorrells

The team is very friendly and helpful. They are informed and able to give valuable information to their clients.

Draco RueSeleneLeeloo

This firm does an incredible job keeping our books straight and gives us peace of mind. Definitely recommend to anyone needing accounting services.

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