preparing for self-employment taxes

preparing for self-employment taxes

  • The Business Owner's Guide to Stress-Free Tax Preparation

    As a business owner, you have a lot on your plate. One task that can't be put off, however, is preparing your taxes. Whether your business is big or small, tax preparation is an essential part of running a successful company. No one likes to think about taxes, but they're a necessary evil. This guide breaks down the tax preparation process to make it as simple, clear, and friendly as possible.

  • Tax Return Preparation Services: Gig Workers And Independent Contractors

    The rise of the gig economy and an increasing number of independent contractors have made the process of preparing tax returns more complex. Many gig workers and independent contractors may be unfamiliar with the unique tax requirements they face, which can lead to complications and even costly mistakes. Understanding the Gig Economy and Independent Contractors In contrast to traditional full-time employees, gig workers and independent contractors work on a project or temporary basis.

  • 5 Signs That You Need A Professional's Help With Business Accounting

    At a business, it's tempting to save some money by assigning the role of the accountant to yourself, a family member, or an employee. However, this can quickly become problematic, especially if your business is large or growing. Watch for these five signs that it's time to call in a professional.   Losing Time Whatever business you're in, you probably started out wanting to focus on that industry. No one starts a remodeling company because they want to become an accountant, for example.

  • Reasons To Consider A Living Or Estate Planning Trust

    When it comes to estates, most people understand the concept of a will, which is a document you can use to decide who gets what after you are gone. But there's another type of document you could put into place while you are still alive that may provide a number of key benefits for you and your family. Here's what you need to know about estate planning trusts, sometimes referred to as "

  • What Clients Should Know About Working With A CPA

    Many individuals and businesses frequently will work with a certified public accountant. A CPA is a licensed professional who can provide guidance regarding a wide range of accounting issues. Those interested in CPA services should understand the following four things about working with one. Not Every Accountant Is a CPA Lots of people automatically equate accounting work with being a CPA. However, that depends on the rules in a state. Not every accountant is a CPA.

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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.