Self-Employment Tax: The Bill Freelancers Don't Expect
Working for yourself means covering both halves of Social Security and Medicare.
Tax news and analysis for small businesses, the self-employed, and entrepreneurs.
Working for yourself means covering both halves of Social Security and Medicare.
The right entity choice can change how much self-employment tax you owe.
From hiring to retirement plans, credits can beat deductions dollar-for-dollar.
Two methods, two very different outcomes at tax time.
A major break for pass-through businesses comes with limits and phase-outs.
From estimated payments to deductions, the essentials of staying compliant.
Selling across state lines can create tax duties far from home.
New businesses can deduct or amortize the price of getting off the ground.
Ordinary and necessary costs cut taxable income — with good records.
Four payments a year keep the self-employed penalty-free.
Getting it wrong can mean back taxes and penalties for businesses.
Employees generally can't, but the self-employed often can.
Payroll taxes, withholding, and filings come with every hire.
Businesses can deduct the cost of assets faster — within annual limits.
Good records survive audits and unlock every deduction you've earned.