A self-employment tax calculator determines the amount of Social Security and Medicare taxes a self-employed person owes. It works by taking your net self-employment income (after deducting business expenses) and applying the current tax rates. TheSocial Securityportion is assessed on the first par...
Traditionally, the self-employed have not been able to receive unemployment, as they do not pay the government unemployment insurance. However, in light of the economic situation and shut-downs, the federal government has changed the policy to include the self-employed, freelancers, and gig-worker...
When you’re self-employed, it’s common to have irregular income. You might have multiple clients, pay schedules can vary or your work may be affected by the seasons or other factors. However, you should be able to overcome this obstacle by providing a few years of tax returns to show...
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