Small Business

don't owe self-employment taxes

How to know if you don’t 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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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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