Self employment

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5 Things You Should Think About Before Going Self-Employed - My Random Musings Classy Christmas Decor, Childcare Business, Self Employed, Self Employment, Online Jobs From Home, Personal Loans, Remote Jobs, Home Jobs, Work From Home Jobs

For a long time before going self-employed, I turned down good opportunities that would require me to be self-employed because the thought of it terrified me. I finally took the plunge when I realised I had two choices: I could stay in a job that didn’t challenge or interest me or I could go self-employed ... [Read more...]

Infographic comparing Income Tax to Self-Employment tax identifying how they differ, summarized as follows: Self-employment tax is based only on profits, not total income. Itemized or Standard deduction have no impact on the tax basis. There is one tax rate up until the earnings cap is reached, compared to income tax sliding rate. Many tax credits do not apply to Self-Employment tax. Independent Contractor Taxes, Dropshipping Taxes, Tax Business, Accounting Education, Business Tax Deductions, Organizational Development, Small Business Marketing Plan, Business Strategy Management, Tax Help

Comparing Self-Employment taxes to Income taxes. Self-Employment tax is a new things when you become an independent contractor with Doordash, Uber Eats, Grubhub, Uber, Lyft and other gig economy apps. This infographic helps identify similarities and differences when compared to Federal Income Tax.

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