National Small Business Week edition
national small business week, organized by the small business administration, recognizes the contributions of entrepreneurs and small business owners across the country for critical impact they have on the global economy and the job creation.
"National Small Business Week is a chance to honor 28 million small businesses in our country and renew our commitment to promote entrepreneurship at the heart of the American experience" says SBA administrator Maria Contreras-Sweet, head of the uS small Business administration, in a statement.
as part of the week of the little we have identified 7 articles you better equip as an entrepreneur and small business owner, personal saving as you venture into self-employment and advice to prepare come tax time.
How to start a Hustle Side and Stop Stressing About Saving
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it may seem easier said than done, but in this new freelance economy, it has become easier than ever for people to increase their earning potential right in the comfort of the couch (and jump into a risky pyramid scheme). Continue reading ...
taxes and the sharing economy - Here's what you need to know
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it is easy to make some money now. Rent a room on Airbnb. Lead someone around town by Uber and Lyft. Sale of used books and DVDs on Amazon, or a piano on eBay ™. It's all good - until you get a tax bill that you did not expect. Continue reading ...
Make sure to set aside some of the money you receive for taxes and self-employment taxes, or you could be in time tax shock coming. Tweet this
5 ways little known to live successfully on Irregular income
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Are you among the millions of Americans who reconstruct a life by freelance contracts, or running side hustles? The so-called "gig economy" has highlighted a growing class of workers who do not collect a permanent guaranteed salary from a single employer. Continue reading ...
7 Tax Tips for Freelance Economy
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Why take worth thinking about W-9s will come in January when tax season just finished. For some workers, the tax season is marked by periods of three months, not 15 April. Continue reading ...
... Freelancers must win 25% more than their gross income employees to take account of taxes and additional spending. Tweet this
Appendix C: Self-employment report income from multiple sources
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the self-employed often have more than one activity going on at once. You can report activities closely linked together on a Schedule C. unrelated activities would be separate businesses as a hair salon and a computer repair service. Continue reading ...
Turn your hobby into a business: Do you have what it takes
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Have you ever thought about turning something you love, something you would do even if it has not made money in a way to make a living? Who does not have? Continue reading ...
10 Tax Tips for the Self-Employed
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Having your own business definitely increases the amount of record keeping you have to do for tax purposes. When you delve into the business recipe boxes, it's easy to envy people who have only to enter the income of a W-2 form. However, as an independent person, you get tax breaks that your friends are not employees. Continue reading ...
Being a freelance and independent workers is liberating for many, remember to have enough saved for tax season. Tweet this
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