the ministry part is set up as sponsored by our church, so we have a checking account which used the church tax id numbers. We're non profit, small time, I used excel on my computer and keep records of all items we buy, donation, training, expenses etc. so there won't be any question.
as far as being completely self employed done that before too, not as a clown though, used ss #. best to talk with your tax guy. When your self employeed you have to pay your taxes in quartley installments and you have to have 90% paid by Jan 31, or you pay a penatly. then you settle up in April just like every one else. If you've over paid you can apply that to the next installment, or file for a refund. Keep records of everything you use in business, mileage, training. custome, supplies etc. basically income and debts. Anything you use for business can be deducted like computer to keep records, 2nd phone line for business.
Jamz and Sparkles could prob. give you the best info here, as it is a full time business for them.
If some one prepares your taxes for you, go talk with them. the guy I use here has been great, sat down and helped us out with suggestion one year when I got behind on installments.
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