FOUR KEY TAX ISSUES FOR SELF-EMPLOYED INDIVIDUALS, ACCOUNTANTS’ DAILY NEWS, SEPTEMBER 25, 2019
Income Tax: Yes, you will owe federal income tax and state income tax if your state has one, just like other business owners. However, if you maximize available deductions you don’t have to pay tax on the full amount of your net income. Self-Employment Tax:This is the same amount of Social Security and Medicare regular […]