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Kade just became a self-employed consultant. Prior to this year, Kade had always worked as...

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Accounting

Kade just became a self-employed consultant. Prior to this year, Kade had always worked as an employee. He comes to discuss his new business with you. As his tax accountant, you should:
a. 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.
b. Discuss setting up a good record-keeping system for his new business.
c. Discuss the rules for deducting automobile expenses.
d. Discuss the substantiation requirements for meals.
e. Discuss all of these choices.

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