As people are finding new and different ways to make money, the idea of being self-employed, or possibly just a side hustle, becomes more widespread. Although there are many tax advantages and other ...
Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. Most workers are at ...
Anyone who starts their own business eventually needs to learn how to file taxes as a self-employed worker. The alternative, not filing taxes and seeing your back taxes bill balloon over the years, ...
Navigating the process of filing taxes when you’re self-employed can be intimidating, especially for a first-timer. If you’re not sure how self-employment taxes work or are wondering what ...
If you earned any income in 2015 that didn't have payroll and Medicare taxes deducted, you may have to pay an additional tax known as self-employment tax, which unfortunately can take another 15.3% ...
Self-employed borrowers need additional documentation, such as bank statements or tax returns, to prove income stability. Keeping organized records and showing consistent income trends improve your ...
Second Sunday Series — Editor’s Note: This is the first of 12 columns on starting a business that will appear in the next 12 months– one on each second Sunday of the month, from September through ...
Post pandemic, we’ve seen waves of changes in the workplace - from when we work to where we work with choices like remote vs. hybrid as determining factors within recruiting and retention. We’re also ...
Many or all of the products and brands we promote and feature including our ‘Partner Spotlights’ are from our partners who compensate us. However, this does not influence our editorial opinion found ...
The world changed in many ways last year. One of them is the face of employment, or rather, self-employment. The pattern first appeared in the third quarter of 2020, when there were a record number of ...
Tax credits for sick leave, expanded unemployment insurance, tax changes and more. By Tara Siegel Bernard The self-employed often fall into the biggest gaps in the social safety net. But relief ...
What is self-employment tax? The federal self-employment tax is composed of Social Security and Medicare taxes, which are also known together as the Federal Insurance Contributions Act (FICA). For ...