Freelancers and consultants often face one of the most complex tax realities in the modern workforce — high self-employment taxes, inconsistent income, and minimal access to employer benefits.

And yet, most tax planning content out there is either:

  • Designed for W-2 employees, or

  • Reserved for the ultra-wealthy making millions annually

At Polaris Tax & Accounting, we believe six-figure earners deserve smarter strategies too — especially those building businesses on their own terms.

If you’re an independent professional earning real income and wondering how to keep more of what you make, you’re not alone.
Explore how our affordable tax planning in Sunrise, FL can help — no $2M income required.

Why Freelancers Overpay in Taxes

Without strategic planning, many freelancers end up paying:

  • 15.3% in self-employment tax — on top of federal and state income taxes

  • More than necessary in quarterly estimated taxes

  • Lost deductions due to poor recordkeeping or misunderstanding IRS rules

These missed opportunities can cost thousands annually — and compound over time.

Our Approach to Freelancer Tax Strategy

We work with independent professionals across Sunrise, FL and beyond to implement a smarter, more proactive tax plan that includes:

S-Corp Structuring for Self-Employment Tax Reduction

If your net income consistently exceeds $80K–$100K, electing to file as an S-Corp could potentially:

  • Reduce your self-employment tax liability by thousands

  • Allow you to pay yourself a reasonable salary and take distributions

  • Unlock more advanced strategies like accountable plans, HRAs, and Augusta Rule

We assess your business model, income variability, and long-term goals before making the recommendation.

Maximizing Deductions with Accountable Plans

Rather than losing out on write-offs, we help freelancers formalize reimbursements for:

  • Home office expenses

  • Mobile phone and internet

  • Software subscriptions

  • Continuing education

  • Travel and meals

These deductions are 100% legal and often underutilized.

Quarterly Planning to Avoid Penalties and Surprises

With variable income, quarterly tax estimates can be tricky. We provide:

  • Tax projection models

  • Real-time income tracking

  • Safe harbor guidance

  • Estimated payment planning

The goal: no year-end tax shocks, no underpayment penalties.

HSA and Retirement Planning for Solo Earners

Unlike W-2 employees with HR departments, freelancers must build their own benefit stack.
We guide clients through:

  • Solo 401(k) contributions

  • SEP IRAs

  • Health Savings Accounts (HSAs)

  • Defined benefit plans for high earners

These tools reduce current-year tax while building long-term financial stability.

Freelancers Deserve More Than Basic Filing

If you’ve been told “you’re not big enough” for tax strategy, it’s time to challenge that thinking.

Whether you’re a:

  • Designer

  • Consultant

  • Coach

  • Developer

  • Writer

  • Virtual assistant
    … if you’re earning serious income, you deserve serious planning.

Take the First Step — In Just 2 Minutes

Not sure where to start?

Use our Tax Strategy Finder Tool — it’s free, takes under two minutes, and gives you instant insight into which strategies might apply to your business.

No forms. No obligation. Just real answers.

Serving Freelancers in Sunrise, FL and Nationwide

At Polaris, we’re proud to support freelancers, consultants, and solo business owners with a level of service usually reserved for “high-net-worth” clients — but without the barriers or ego.

📍 Serving Sunrise, FL, Plantation, FL, and Asheville, NC
📞 Call Polaris at 704‑947‑3178
📅 Book Your Strategy Call

👉 Learn more about our affordable tax planning services in Sunrise, FL — and let’s make tax season something you look forward to.