What is self-employment tax? The federal self-employment tax is composed of Social Security and Medicare taxes, which are also known together as the Federal Insurance Contributions Act (FICA). For ...

Self-assessment tax returns must be submitted each year by the self-employed and people who owe tax on income they've received. Find out how to complete a tax return for the 2024-25 tax year, and what ...

Finding a financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been vetted by ...

As part of the ‘Making Tax Digital’ project, the self employed and landlords face a huge change in filing their tax returns ...

To find out, go to the IRS webpage "Check if you need to file a tax return" and look for "Who must file." You'll see a list of three items, one of which is a very low dollar amount: "You have over ...

If you’re self-employed or earn certain types of income, there’s a good chance you’ll need to pay estimated taxes — and your next payment is due soon. There are four due dates for estimated tax ...

Kemberley Washington is a former staff writer at Forbes Advisor and provides consumer-friendly tax tips for individuals and businesses. Her work goes beyond tax articles. She has been instrumental in ...

The average self-employed individual dedicates 17 hours monthly to business administration - time which could potentially ...

Agricultural professionals and self-employed workers may face changes to how they submit tax returns to HMRC from April next year. The income threshold ...