Calculating the home office deduction using the standard method involves completing IRS Form 8829 to calculate the amount of ...

Self-employment can provide an alternative career transition to retirement, but only for those in good health and in ...

The FSA contributions limit for 2025 is $3,300, that’s up from $3,200 the previous year. If your spouse has a plan through ...

When you’re self-employed, you don’t have as many built-in protections as many employees have. You’ll be responsible for your own health insurance, disability insurance and retirement planning. Many ...

If you're self-employed, either a solo 401(k) plan or Simplified Employee Pension (SEP) IRA can be an excellent choice. Both ...

Misclassifying W-2 employees as 1099 contractors has severe penalties. Learn the biggest difference between the two types of ...

Exploring the potential for undocumented immigrants to work in the U.S. using an Employer Identification Number (EIN) reveals ...

This can be in the form of a diary listing the date and time of the specific ... Profit and Loss From Business and will be ...

This tax reporting change will be implemented in phases. It could be delayed again, but freelancers should plan ahead.

Rather than run the risk of having a lower standard of living in retirement, self-employed workers do have other savings ...

Where work authorization is granted for the employment of a foreigner employee, the employer must pay a fee. This tax does not apply to nationals Europeans, Andorran, Monegasque and San Marino as ...