We examine how consumer credit affects entrepreneurship by linking three million earnings and pass-through tax records to credit reports. In the cross-section, we show that self-employment without employees and employer firm ownership increase monotonically with credit limits and credit scores. We then...
There's no question that we've faced a lot of financial challenges in the past 20 years. The recessions of 2008 and COVID-19, in particular, pushed many people out of their regular day jobs. While some took that as an opportunity for a sabbatical, many turned to self-employment for fi...
The following research question is proposed: “what are the experiences of African immigrants in their self-employment journey post-settlement in South Africa?” The need for this study is justified on three fronts. First, South Africa is experiencing a high unemployment rate (Harry and Chinyamuri...
Every person with positive self-employment earnings in tax year 2021 (including 1099 contractors) impacted by COVID-19, is eligible. Professions like realtors, stylists, construction trades, gig workers, freelancers, entrepreneurs, and more were some of the hardest hit, with over 40 million Americ...
“new normal,” and strong liquidity constraints in the banking system are some of the factors that may systematically impact current and future self-employment activities in developing countries. With the COVID-19 pandemic presenting greater challenges to the institutional, economic, and social fabric...
If your self-employment income is insufficient, having a co-signer or a co-borrower can help you qualify for a mortgage or even a larger loan amount. That’s because the lender will also take their income and credit into account.It’s important to note that co-signers are slightly ...
Self-employment tax breaks are expanded Consider credit cards carefully A new stimulus bill What you can do Unemployment benefits extended to include self-employment Unemployment benefits can help cover living expenses when you’re out of work. Being self-employed would ordinarily disqualify you from ...
I took a government grant during the covid pandemic, can I still get a self-employed mortgage? Many self-employed people took advantage of the Self-Employment Income Support Scheme (SEISS) to help them through the financial impact of the coronavirus pandemic. Although taking the grant doesn’t...
If you have self-employment or other income outside of your W-2 paycheck this year, you may need to send the IRS some money before the usual tax-filing time. Here are the due dates for paying quarterly estimated taxes in 2016; they are supposed to be in four equal installments. This ...
will be paid directly into people's bank accounts. In order to be eligible you need to make the majority of your income from self-employment, be self-employed already and have a tax return from 2019. For those that don't have three years of accounts, the Treasury will look at what the...