What is Self-Employment Tax?

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Self-employment tax is made up of Social Security and Medicare taxes that individuals who are self-employed pay on their net income. People who are not self-employed have Social Security and Medicare taxes withheld from their wages. People who are employees only pay half of these taxes. The employer pays the other half. Payroll Taxes for
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Do I need an Income Statement?

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If you are starting a business or you already have a business, you will need some sort of income statement. An income statement will help you manage your business by letting you know if you made money or not. It will also let you know how much money you spent to get the income you
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