Being your own boss comes with a variety of perks. But it also forces you to handle work typically taken care of by a human resource or finance department. For example, you have to find your own health care plan and deduct taxes from your paycheck. And, when it comes to saving for retirement, it’s your responsibility to start a savings fund.
Retirement plan contributions: do I still have time to save?
by 3 Comments
Did your plan to put money into a retirement account for 2016 fall flat? Don’t worry – you still have time! While automatic contributions deducted straight from your paycheck throughout the year is the easiest way to build your retirement account, there are other ways to save.
7 Tax Tips for the Freelance Economy
by
Tax season feels eons away for many gainfully employed workers. Why bother thinking about W-9s that will come in January when Halloween, Thanksgiving and Christmas are all arriving before tax forms. Not to mention New Years, Valentine’s Day and St. Patrick’s Day all happen before taxes are even due. But for some workers, tax season […]
5 Year-End Tax Planning Tips for Self-Employed
by
As a self-employed person, you have more control over your eventual tax liability than someone who only earns income as an employee. To take full advantage of that extra control, follow these 5 year-end tax planning tips: 1. Estimate your business income It’s absolutely essential that you find out where you stand tax-wise – before […]
