If you’re self-employed, you know that running your own business comes with a unique set of rewards—and challenges. One of the most significant hurdles? Self-employment taxes. Unlike traditional employees, you’re responsible for covering both the employee and employer...
Navigating the world of self-employment comes with a unique set of challenges, and one of the most critical is managing your taxes. Unlike traditional employees, self-employed individuals must handle their own tax payments, including quarterly estimates and...
Starting your own business or working as an independent contractor in Michigan comes with exciting opportunities, but it also introduces unique responsibilities, like managing self-employment tax. Unlike traditional employees, who split Social Security and Medicare...
Missing an IRS installment payment can lead to serious repercussions. The IRS will send you Notice CP523, notifying you that your installment agreement is at risk of termination if you don’t act swiftly. In addition to missed payments, your agreement can be revoked if...
Tax season can be a stressful time for small business owners, as there are many things to consider. If your business hasn’t made any money yet, you might wonder whether you even need to file your taxes for the year. On the other hand, if your business is already... 
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