Individual Income Tax

How to know if you owe self-employment taxes

How to know if you owe self-employment taxes on one-time income

Many of you have most likely heard of self-employment taxes. What about income that you collect occasionally or one-time?  Let’s dive into when you DON’T owe self-employment taxes. If you’re not familiar with self-employment taxes, then I highly suggest you learn about them as a freelancer or business owner. The IRS even has a tool …

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5 Tax Tips When Workamping or Camp Hosting

5 Tax Tips When Workamping or Camp Hosting

For anyone planning on workamping or camp hosting, it’s important to understand your tax obligations. Even if you don’t do your own taxes, it’s important to understand these 5 tax considerations when workamping or camp hosting. You should have a basic understanding of your tax situation so you are prepared to share this information with …

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Understanding self-employment taxes as a freelancer

Understanding self-employment taxes as a freelancer

Chances are if you are reading this, then you are already self-employed or interested in becoming a small business owner. Congrats! However, it’s important to consider self-employment taxes if this is you. Self-employed means you fit any of the following: You carry on a trade or business as a sole proprietor (single-member LLC included) or receive income …

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