Being your own boss has its perks, but taxes can be a challenge. Unlike traditional employees, freelancers and entrepreneurs must handle their own tax payments. The self-employment tax covers Social Security and Medicare, which would typically be deducted from a paycheck. Failing to plan for this can lead to financial stress. Proper Personal And Business Tax Preparation ensures you stay ahead and avoid penalties.
Read the Blog: https://www.storeboard.com/blogs/business/understanding-self-employment-taxes-a-guide-for-freelancers-and-entrepreneurs/6076043
