I am neither an accountant nor attorney. The way I do it is using Schedule C and the relates forms. Banking is one thing a sole proprietorship simplifies beca

I am neither an accountant nor attorney. The way I do it is using Schedule C and the relates forms. Banking is one thing a sole proprietorship simplifies because all you need is a separate personal account to use for the business and banks are happy to set one up. If the business doesn’t generate much income you might even get away with not paying out taxes quarterly and use additional withholding instead.