<prompt> Human: Ive recently started working in a semi-shady industry that pays extremely well and I need to figure out how to do my taxes as a self-employed person in that line of work. I made roughly 22,000 net last year working as a waitress, and it was easy to file my taxes because I just had to deal with a T4 from one employer, plus an estimate of my tips. Just off the top of my head I think Ive made about 70,000 so far this year and I dont know how to plan for my 2013 taxes, but I know that I should figure something out sooner rather than later. In my area my work is technically legal, and I am licensed by the municipality where I live to do the work I do, so I think that if I didnt file a tax return or if I claimed no income I would be audited since the CRA probably has my license information on file - is that right? If things continue as they have been for this whole year, I expect to gross at least 120,000. Should I claim that entire amount? Or nothing? Or some middle ground? Im saving 85-95 of my income in a shoebox, so I dont have any extravagant purchases to explain away, nor do I have any bank deposits amounting to over approximately 2,500month. However, at some point I would like to actually be able to spend the money that Im saving once Im finished school and Im working in the real world like a regular person. TL;DR help a hooker do her taxes please.  <response>: Are any of your clients accountants? You may be able to swap services. :wink wink:Honestly, an accountant is the person to ask, not strangers on the internet that know nothing about your local laws. Im sure you know the other girls that work in your industry, you could also ask them what they do.Oh, and at the very least if youre not going to deposit the money in a bank account yet, but it in a safety deposit box. Dont keep it at home. 