Due to the economy more people than ever before are making the decision to join the wonderful world of self-employment. However, self-employment presents a new set of rules…TAXES!
In lieu of the current tax season, I thought I would share an informative article that I read a little while back in Black Enterprise magazine. In this article Vicki Lee Parker explains 10 key tax issues to address in the first year of having your own business.
I decided to share this article with you because I remember the feeling that I had the first year I started making money and really considered myself self employed. I wasn’t sure what to do. How was I going to pay taxes, how did I go about filling…I have to say it was a bit overwhelming. The 10 issues are as follows:
1. Find a CPA or tax accountant who has clients in your line of business.
