1099 taxes tips

What Can You Deduct on Your Taxes If You’re Self Employed? This post details items you can write off when it comes to tax time

Are you self-employed? If so, how do you know which business expenses you can deduct? Learn all about tax write-offs.

As a blogger or any type of freelancer when you’re 1099 employee you are responsible for paying the government their share of income Typically, you will usually pay about 30% of your NET income to the government. Your NET income is calculated as Total revenue, minus total expenses. This gives you your NET. You’ll pay 30% of your net to taxes. For more blogging tips check out The Blog Societies.

Taxes. They come in many forms. Some are hidden: corporate taxes are built into the cost of goods and services you buy; excise taxes are included into products like gasoline. Others are more visible like sales and property taxes. And then we come to the most visible and dreaded tax of all: income tax. When people complain about taxes they are usually talking about income taxes. Avoiding income taxes should be easy considering the size of the tax code and the millions of loopholes available…

Are you already self-employed? Interested in becoming a small business owner? It's important to consider self-employment taxes if this is you.

Find out if you need to send out 1099's and why. Get a full explanaition of form 1099 to make sure your business is successful.

Self-employed individuals must report income using Form 1099 and pay self-employment tax covering Social Security and Medicare. They are also required to make quarterly estimated tax payments and maintain accurate financial records. The tax filing deadline is April 15, with the option to request an extension to file, but not to pay. #SelfEmployment #TaxFiling #1099Income #SelfEmploymentTax #TaxDeadlines #Form1099 #Form1099online #SmallBusinessTax

A 1099 tax form is a statement that details an amount of money that you were paid. Learn about this important tax document and the different 1099 versions.

To purchase the Tax Deduction E-Book Click Here Need more resources? Check out The Resource Vault!

Should you claim 0 or 1 on your tax return? This can be a difficult decision if you don't understand what this means or how it can affect your finances.