What You Need to Know About Self-Employment Taxes
I’m too small…I didn’t make that much…they won’t notice…Social Security will be gone by the time I get there anyway! Excuses. Good, possibly accurate ones, but excuses nonetheless. Self-employment taxes are annoying, confusing, expensive…mostly annoying. So, it’s no surprise that a recent independent survey of 500 freelancers by QuickBooks Self-Employed shows “some 36 percent of self-employed workers are taking their chances.” AKA, not paying taxes. The Struggle (is so real) As the number one challenge, according to the Quickbooks survey, “31 percent of self-employed workers say they struggle to get paid on time.” As a self-employed person myself, I can totally relate to this. Just because we bill on Sundays, doesn’t mean we get paid on Sundays! Another 25 percent are worried […]
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