If you’re self-employed, you work hard to build your business and satisfy your clients, but your biggest client to make happy might just be the IRS. Here is what you should know about making sure that Uncle Sam is getting his fair share while at the same time ensuring you’re not paying out more than necessary. We provide comprehensive accounting and tax services in New England, contact us if you need help, we’d love to hear from you!
What is the Self-Employment Tax?
For purposes of our discussion, self-employment taxes are referencing taxpayers filing a Schedule C on their Form 1040. The self-employment