tax secrets

Being self-employed can be a tremendous burden. It often means working long hours, putting your personal finance on the line, and more. From the perspective of taxes, being self-employed has a number of implications, too. You’re responsible for paying your own payroll taxes, for example, and that includes the portion of payroll taxes traditionally paid by an employer. This is commonly referred to as the self-employment tax.

The good news is that there are some tax rules that favor the self-employed. If you know what they are, you can reduce the amount of drain that self-employment taxes will have on your business.

Here are some secrets that every self-employed person should know about self-employment taxes:

1. Self-employment, from the tax … Read more →

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