Good news: There are a lot of them. The challenge is figuring out which of the major lone-eagle plans best suits you. The most common retirement accounts for the self-employed are SEP IRAs, Simple ...

Similar to the FICA tax that wage earners working for employers pay, the self-employment tax rate for 2015 is 15.3 percent on your first $118,500 of net income and then 2.9 percent on net income ...

I was reminded this week during a discussion with a SCORE client who is wanting to start up a small business this spring, that while I have been writing about accounting, I haven't mentioned one ...

The basics for filing self-employment taxes. Before you can determine your tax obligations, know your tax rate and consider whether your region requires separate city taxes.

The general rule is that any ordinary and reasonable expense you pay while conducting a business activity is deductible in ...

Read Today's Paper Saturday, May 18. 🗳️2024 Elections. 📝In-Depth Reporting ...

Tax season is here and for those who are going from working for someone else to being self-employed, this brings significant changes professionally and personally. One of the most significant ...

Although every situation is unique, it never hurts to review the basics to ensure you're approaching your self-employed taxes correctly. ... The self-employment tax rate is 15.3% of income, ...

Self-Employed Worker. AdobeStock_341566764. Post pandemic, we’ve seen waves of changes in the workplace - from when we work to where we work with choices like remote vs. hybrid as determining ...