What Is The Self-Employment Tax?

admin Taxes
0

As an employee, your employer will deduct the necessary Social Security and Medicare taxes from your paycheck. However, if you run your own business, then you must do this yourself. This is done by filling out Schedule SE, which will compute your self-employment taxes (the amount is reported on the “Other Taxes” section of your… continue reading »

What Are Estimated Tax Payments?

admin Taxes
0

When starting a business, you need to do quite a bit of heavy lifting. Of course, a big part of this is handling the complexities of the US tax system. In fact, one particular area that often trips up entrepreneurs is something called estimated tax payments. The main reason is that this is quite different… continue reading »

Tax Tips for the Self-Employed

admin Taxes
0

If you are a freelancer or run a small business, then you probably file a Schedule C when putting together your 1099. This form is used to account for all income generated from your business and deductible expenses. Thus, it is important to get this right – so as to avoid an audit but also… continue reading »