preparing for self-employment taxes

preparing for self-employment taxes

  • What You Need To Know About The Cash And Accrual Method For Your Small Business

    Many small businesses choose to do their own accounting. This is a great way to save money and learn how to do the books of a business in the early days. However, it can also be a lot of work and be confusing for many people. This is why it is so important to choose early on what kind of accounting method is best option for you. Here is what you need to know about the accrual method and cash method.

  • 2 Reasons To Take Advantage Of Outsourced Accounting Services

    Outsourced accounting services, such as The Callen Accounting Group, PLLC, are a great service to take advantage of, mostly because of the many ways in which they can help your business. Two reasons to take advantage of outsourced accounting services are to save yourself money and time. Save Money Outsourcing your accounting needs is a great way to save money for a variety of reasons, with the biggest reason being that you do not have to worry about paying for any perks and benefits for an accounting department.

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    preparing for self-employment taxes

    Self-employment comes with a lot of responsibilities. Not only do you have to stay on top of getting your work done, but you also have to be aware of the taxes that come into play when you are self-employed. So, do you understand how self-employment impacts your taxes? Are you putting enough money aside to pay your tax bill at the beginning of the year? Do you file quarterly tax reports? This blog will help you stay on top of your self-employment taxes so that you don't find yourself stuck with a huge tax bill that you struggle to pay.