Self-Employment Taxes for Small Business Explained
LyfeAccounting
JULY 12, 2021
But don’t worry, let’s talk about taxes, starting with the 2 basic principles. Most people will use IRS Schedule C to calculate their net earnings from self-employment. Use IRS Schedule SE to calculate how much self-employment tax you owe. If you decide not to pay quarterly, your risk incurring late-payment penalties.
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