Self-employment tax is a major part of a self-employed individual’s IRS obligations. It includes Social Security and Medicare taxes that would otherwise be withheld from an employee’s paycheck. If...
Self-employment tax is often one of the largest tax obligations for freelancers, consultants, and small business owners. Fortunately, the Internal Revenue Code (IRC) provides several ways to legally minimize...
Introduction Artists and creative professionals, including freelance designers, musicians, photographers, writers, filmmakers, and visual artists, often have irregular income, high self-employment taxes, and numerous business expenses. Whether you earn...
Introduction Consultants and coaches—whether in business, fitness, life coaching, or professional development—often operate as self-employed professionals. This means they are responsible for self-employment taxes, business expenses, and estimated tax...
Introduction Musicians, performers, and entertainers often have irregular income, travel expenses, and self-employment taxes, making tax planning essential. Whether you’re a freelance musician, touring artist, actor, comedian, or producer,...