Tax Tips For Self-Employed Individuals

Posted on

Self-employed? Here are some tax tips:

  • Record-keeping is key. Make sure you report all income and maintain records of all business-related expenditures.
  • Write it off. You can write-off all expenses primarily used for business, health insurance costs, and half of what you paid in Social Security and Medicare tax.
  • Pay quarterly deadlines. Paying estimated taxes quarterly will help you avoid a penalty. Dates fall on the 15th of April, June, September, and January of the next year.

Image Source: Pinterest

Hackers Snuck Into ASUS Devices
Tax Tips For Self-Employed Individuals

Thank you! Your subscription has been confirmed. You'll hear from us soon.
Subscribe for news in an instant.