Monthly Archives: August 2015

Tax Basics: Employed vs Self-Employed  

  As more and more clients are starting businesses, picking up side consulting gigs or selling crafts online, this post focuses on the tax differences between being an employee vs being self-employed. 1) You are in charge of tracking your income and expenses when you are self-employed. All income is taxable, absent a specific exclusion in the IRS code.  You don’t need to track your income when you are an employee because you receive a W-2 from your employer summarizing your taxable income. WhenRead More

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