Tag Archives: Federal Insurance Contributions Act tax

Some Tips On Doing Your Own Taxes

Trying to do your own taxes may appear daunting, in a lot of cases however it is really not that difficult. In order to be successful with it though, you will need an accurate record of your expenses and incomes, and will also need to become familiar with the available tax codes. If you have questions for a tax professional on this topic just ask your question ateHow.com.

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Instructions

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You should generally stay organize and keep a record of your incomes and expenses throughout the entire year. You will need a dedicated binder or file system to … Read more at 2011 Taxes.

Self Employment Tax Issues

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People often get so swept up in the first exciting year of starting their own business, going freelance or contracting that they forget some of the more mundane, but nevertheless important changes that self-employment will bring. Along with a renewed passion for your career and control over your own destiny and potentially far greater financial rewards, there are also a number of downsides and financial hurdles to setting out on your own.

Self Employment Tax will be one of those hurdles. Self-Employment Tax is a tax that you were never required to pay as an employee, but essentially it is … Read more at 2011 Taxes.