Kim Porter began her career as a writer and an editor focusing on personal finance in 2010. Since then, her work has been published everywhere from Forbes Advisor to U.S. News & World Report, Fortune, ...

Perhaps you love the flexibility of managing multiple sources of gig income. Here’s how to manage the taxes. Millions of people have diversified the way they earn income by joining the gig economy.

Those who need to submit a self assessment must do so by 31 January, but the process can sometimes be confusing.

What is self-employment tax? The federal self-employment tax is composed of Social Security and Medicare taxes, which are also known together as the Federal Insurance Contributions Act (FICA). For ...

Self-employment taxes can add up for independent contractors, but tax deductions are a welcome perk. Many, or all, of the products featured on this page are from our advertising partners who ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Unlike W-2 employees, self-employed individuals do not ...

Here's how self-employment taxes work. See the table and example for tax rates, income limits for Social Security taxes, and how to calculate what you owe in the 2016 or 2017 tax years. Self-employed ...

When you are self-employed, tracking your income is a bit more complicated than receiving a W-2 from another company. Calculating gross income, as well as net profit or loss, can be particularly ...

The Great Resignation may be creating a tax headache for a lot of people. Last year more than 47 million people quit their jobs. In the same year, a record 5.4 million new business applications were ...

Sole proprietorships are the simplest business entity — their taxes are pretty straightforward, too. Many, or all, of the products featured on this page are from our advertising partners who ...

People who work for themselves or who own their own company are sometimes alternately referred to as self-employed or independent contractors, though there is a difference between the two. In general, ...