Self-employment tax (SE tax) is a social security and Medicare tax primarily for individuals who work for themselves. It is similar to the social security and Medicare taxes withheld from the pay of most wage earners.
You figure SE tax using Schedule SE (Form 1040). Social security and Medicare taxes of most wage earners are figured [...]
Posted by: Wray Rives, January 2, 2010
IRS form W-9, also known as the Request for Taxpayer Identification Number and Certification, is used to request information for tax reporting in the US. W-9 is used for just about any person you pay money to, except for employees. You should ask for a W-9 from independent contractors, vendors or other service providers. The form [...]
morePosted by: Wray Rives, November 15, 2009
Our tour of the country is off to a tremendous start with the San Francisco and Los Angeles Unintentional Entrepreneur meetups behind us.
Kevin Reeth, kicked us off with an overview of the financial fundamentals of being self employed.
"As a Business Owner you must… Generate your own income, fund your expenses, contribute to Social Security and [...]
Posted by: Paul O'Brien, July 24, 2009
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