beware the taxes of self-employment

senior executive in home office with two monitors and keyboard on leather desk and looking at paperwork on deskthat 15.3% is likely to be a stunner.

by barry j. friedman, cpa
industrynewsletters

your clients are self-employed if they’re in business for themselves – including a part-time business. that means they’re also their own tax manager!

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your clients can be self-employed as a sole proprietor/an independent contractor, or a member of a partnership or of a limited liability company. as such, they need to file an annual income tax return and pay estimated taxes throughout the year on their income.