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According to the Small Business Administration, you can do this by opening a business bank account, getting a Data Universal ...
or use last year's tax return if you expect to have the same income. Then follow these steps: 1. Multiply net earnings by 0.9235, which is the total self-employment tax (92.35%) that you'll end up ...
When self-employed, you are typically left picking ... your dependents and your children who are younger than 27 at the end ...
Retirement plans for the self-employed range from the good to the outrageously good, and can allow you to save much more than you ever could with a traditional employer plan. A well-chosen ...
Self-employed people are at a savings disadvantage because they are going it alone – that contribution from your employer really does make all the difference. Someone earning £30,000 a year who ...
Without a withholding source, self-employed people will need to make estimated tax payments,” she says. You can’t avoid a penalty just by making extra payments at the end of the year.
Michelle Lambright Black Tax software for the self-employed might also make sense if you receive 1099s from clients who pay you throughout the year but do not withhold any taxes on those payments.