preparing for self-employment taxes

preparing for self-employment taxes

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  • 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.

  • The Key Roles Of A Business Accountant

    The accounting department is one of the crucial sectors in any organization. An accountant is charged with recording, classifying, and summarizing financial data. The growth and profitability of any business are primarily dependent on an accountant. Here is a breakdown of the roles of a business accountant. Boosts Profitability With Analysis Accountants are concerned with analyzing the costs that keep your business running. Cost accounting involves identifying the costs associated with the manufacture of a product or the sale of a service.

  • 5 Tips To Simplify Accounting For Road Warriors

    Are you a so-called road warrior, always on the go for your small business? Road warriors face many unique challenges, and keeping their business finances is one of the most difficult. How can you make it better, easier, and less stressful? Here are a few accounting and bookkeeping tips for every on-the-go worker.  Hire Professional Help You can't do everything for yourself, especially when you must travel a lot. Outsource as much of your accounting work as you can afford to.

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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.