You are here: Home » Archives for independent contractor
Tag: independent contractor
Being self-employed is quite possibly one of the best tax strategies available today. Unlike being an employee, self-employed taxpayers are in full control of their financial and tax situation. But independence also comes at a cost. Independent contractors face higher taxes and more record keeping duties than employees. The IRS is undeniably suspicious of self-employed [...]
Continue Reading
Some general guidelines on reporting your income on a Schedule C Tax Form. When you own a small business or operate as an independent contractor, the government wants your money to pay Social Security and Medicare tax through their self-employment tax. Specifically, they want to tax the profit that you have seen from your business. [...]
Continue Reading
