Self-Employment Taxes Tax Tips
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Tips to Reduce Self-Employment Taxes
Self-employed? Aside from the income tax, you'll need to pay self-employment taxes that support the Medicare and Social Security programs. However, there are some ways you can reduce the amount you owe. Read more…
2020 Stimulus: Does My Small Business Qualify for an Economic Injury Disaster Loan (EIDL)?
Freelancers and self-employed business owners experiencing financial hardship due to Coronavirus (COVID-19) have the option to apply for an Economic Injury Disaster Loan (EIDL) — a low-interest federal disaster loan that's directly administered by the Small Business Administration (SBA). Learn whether you qualify for this loan and how receiving one may affect your taxes. Read more…
What is the Paycheck Protection Program (PPP) Loan?
The Paycheck Protection Program loan provides up to eight weeks of financial assistance to small businesses that maintain their payroll during the COVID-19 pandemic. The loan is forgivable under certain circumstances. Read more…
Stimulus 2020: Self-Employed Tax Credits and Social Security Tax Deferrals Available During COVID-19
If you're self-employed, the coronavirus (COVID-19) pandemic is likely impacting your business. Here's what tax relief is available under the major coronavirus relief legislation packages. Read more…
Tax Tips for Uber, Lyft, and Other Car Sharing Drivers
When you're a driver for a ride-sharing company such as Uber, Lyft, or other car sharing service, the most important thing to understand about your taxes is that you are probably not an employee of a ride-sharing company. Drivers for these companies are usually independent contractors, a fact that has tax implications, both at filing time and year-round. Read more…
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