preparing for self-employment taxes

preparing for self-employment taxes

  • 3 Tips To Make Accounting Easier When You Work With Foreign Contractors

    With the Internet making international business transactions quick and easy, it is likely that you will eventually conduct business with an individual or company outside of the United States. Whether your main supplier is located in another country or you are working with a traveling web designer to build your website, there are several things you should keep in mind when dealing with foreign entities to make filing your taxes easier.

  • How To File The Final Income Tax Return Of A Decedent

    A final income tax return is often required for the year in which an individual dies. The income thresholds at which returns are required apply to both living and deceased individuals. Spouses or personal representatives of decedents are responsible for fulfilling the final income tax filing obligations of a departed individual. A decedent is taxed as an individual only on income received before the death. The estate of a decedent is a separate taxable entity that is responsible for income received after the date of death.

  • Profit From Your Vacation -- What Renting Out Your Vacation Home Means For Taxes

    Buying a vacation home can be a great way to spend your money and your time. If you find yourself drawn over and over again to the same place for vacation -- your favorite ski area, for example -- buying a cabin, beach house or condo might be a good way to save money and enjoy a more homey experience. And many vacation home owners also find that renting it out when not using it can be a good investment -- possibly paying the cost of a mortgage with the profits.

  • New Business Growing Like Wildfire? How A Payroll Service Can Help

    So you've turned your idea into a thriving business. That's wonderful! You're looking forward to many years of providing your product or service to more customers in the future, and to make that happen, you have probably had to hire several people. As your business continues to grow, it is likely that you spend a lot of time on paperwork and ensuring that your employees are paid on time. If you're the type that would rather spend your time with customers, then a payroll service, such as Blueback Accounting, can help, and this guide explains how.

  • 3 Tips For Using Job Boards To Land Your Dream Job In Accounting

    Graduating from college with a degree in accounting can be exciting, but the real challenge begins when you start looking for a job. With many employers relying on job boards to find new accountants, these boards can be useful resources during your own job search. In order to make it possible to find your dream job in accounting through a job board, here are three tips to help you use job boards more effectively in the future.

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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.