
LATEST EPISODE
Tax Strategies for Small Business Owners and Freelancers
View latest episode
Freelancers and gig workers face a unique tax battle. On one hand, you’re your own boss – but on the other, you’re responsible for every dollar of taxes on the money you earn. The hidden cost of self-employment tax alone can catch many by surprise. Unlike W-2 employees, self-employed people pay the full 15.3% Social Security and Medicare tax on net earnings. That means you’re funding both the “employee” and “employer” portions out of your own pocket. Self-employment tax can eat into your income fast. Without a plan, you’re essentially giving up more of your hard-earned money than necessary. The good news? With the right strategy, you can significantly reduce that burden and keep more cash in your wallet.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
