news
W2 vs 1099: What the Tax Form Choice Means for Your Income
Compare W2 and 1099 workers, taxes, benefits, and responsibilities to understand which classification fits your work situation.
Every article on Detroit Bureau about Self Employment Tax — 36 stories covering it, newest first.
culture
How Do I Pay Taxes for My Business
A straightforward breakdown of business tax payment methods, deadlines, and forms so you can file and pay correctly based on your entity type.
culture
How to File Taxes for a DBA: A Practical Walkthrough
A straightforward guide to filing taxes for a DBA, covering forms, schedules, deductions, and common pitfalls for sole proprietors.
culture
What Taxes Are Owed to the IRS and How to Handle Them
A clear breakdown of the taxes individuals and businesses owe to the IRS, including income, self-employment, penalties, and payment options when you cannot pay in full.
news
How to Calculate Qualified Business Income for the QBI Deduction
A clear walkthrough of how to calculate qualified business income, the key components, eligible entities, and the steps to take before claiming the deduction.
community
What Is an LLC Disregarded Entity?
A single-member LLC is often a disregarded entity for federal tax purposes, meaning the IRS treats it as a sole proprietorship. This guide covers the tax treatment, benefits, an...
news
How Do You Owe the IRS: Common Reasons and What to Do
Understand the most common reasons you might owe the IRS, from underwithholding to self-employment tax, and learn the steps to take when a tax balance is due.
culture
DJ Taxes: What Independent DJs Need to Know
A practical breakdown of DJ tax obligations, deductible expenses, and filing tips for freelance and mobile DJs handling their own taxes.
community
Pass-Through Taxation for LLCs: How It Works and Why It Matters
Pass-through taxation lets LLCs avoid double taxation by passing profits and losses to members' personal returns. Learn how it works, the tax forms involved, and key considerati...
culture
How to Pay Taxes on 1099 Income
A practical breakdown of how to calculate, withhold, and pay taxes on 1099 income, including quarterly estimates, deductions, and common filing mistakes.
business
How Much Taxes Do Small Businesses Pay
Small business tax rates depend on structure, income and deductions. This guide breaks down federal, state and self-employment taxes so owners know what to expect.
culture
How Much Should I Pay Quarterly for Taxes
A practical guide to quarterly estimated tax payments, including who must pay, how to calculate the amount, and what happens if you underestimate.
culture
LLC Small Business Taxes: What Owners Need to Know
How LLCs are taxed, what deductions small business owners can claim, and when to file — a practical breakdown of LLC tax obligations.
culture
Independent Consultant Taxes: Deductions, Rates, and Compliance Essentials
A practical breakdown of how independent consultants handle self-employment taxes, deductible expenses, quarterly estimates, and entity choices to minimize tax liability.
culture
How to Calculate Self-Employment Tax
Self-employment tax is 15.3% on net earnings, covering Social Security and Medicare. This guide walks through the calculation, deductions, and filing steps.
news
Contribution Deadline for Solo 401k: What You Need to Know
The solo 401k contribution deadline is the tax-filing deadline, not December 31. Learn how much you can contribute, the two types of contributions, and how extensions affect you...
culture
Independent Contractor Payroll Taxes: What You Must Pay and When
Breakdown of independent contractor payroll taxes, including self-employment tax, estimated payments, deductions, and deadlines to stay compliant with the IRS.
culture
Should I Pay Quarterly Taxes? A Practical Guide to Estimated Payments
Learn whether you need to pay quarterly estimated taxes, who must pay them, how to calculate them, and what happens if you miss a deadline.
community
Sole Proprietorship LLC Tax Form: Filing Options and What You Need
How does a sole proprietorship LLC file taxes? This guide covers default tax treatment, Form 1040 and Schedule C, and when to elect corporate taxation.
community
How Much Are Small Businesses Taxed: Rates, Structures, and Deductions
Small business tax rates depend on structure, income, and deductions. Break down federal and state obligations, plus practical ways to lower your tax bill.
culture
Income Tax Self-Employed Calculator: What It Does and How to Use One
A self-employment income tax calculator estimates your federal tax liability, including Schedule C deductions, SE tax, and quarterly payments. Learn what goes in and what to wat...
community
Small Business Tax: How Much You Actually Owe
A practical breakdown of small business tax rates, deductions, and filing options so you can estimate what your business will pay.
news
How to Pay Yourself from a Business the Right Way
Learn the methods, tax implications, and best practices for paying yourself from a sole proprietorship, LLC, or S-Corp to keep more of your earnings.
culture
How to Pay Quarterly Taxes for Small Business
A practical guide to calculating, filing, and paying estimated quarterly taxes for small businesses, including deadlines, methods, and common mistakes to avoid.
news
SEP Limits 2018: Contribution Caps, Deadlines, and Key Rules
SEP limits 2018 include a $55,000 maximum contribution and a 25% compensation cap. Understand deadlines, eligibility, and how self-employed individuals calculate deductions.
culture
LLC vs S Corp Tax Differences: How Each Entity Is Taxed and Why It Matters
Compare LLC and S corp tax treatment, including self-employment tax, pass-through income, payroll requirements, and the trade-offs owners should weigh before electing a structure.
news
LLC Profit Tax: How Pass-Through Taxation Works for Members
LLCs are typically pass-through entities where profits and losses flow to members' personal returns. Understand federal tax rates, self-employment tax, and election options.
business
Tax Form for LLC Single Member: What to File and When
A single-member LLC can be taxed as a sole proprietorship or a corporation. This guide covers IRS form options, deadlines, and common mistakes to avoid.
community
How Much Do I Pay in Payroll Taxes
A breakdown of employee and employer payroll tax rates, what they fund, and how much you pay based on earnings and filing status.
culture
How Does a Business Owner Get Paid?
A business owner gets paid through owner's draws, salaries, dividends, or distributions depending on the legal structure. This guide explains each method and the tax implications.
culture
S Corporation vs LLC: Key Differences, Tax Treatment, and How to Choose
Compare S corporation vs LLC structures on tax treatment, liability protection, ownership rules, and compliance. A practical breakdown of trade-offs to help you choose the right...
culture
Can I Pay Quarterly Taxes Online?
Yes, you can pay quarterly estimated taxes online through the IRS Electronic Federal Tax Payment System or authorized providers. Learn the methods, deadlines, and what you need...
culture
How to File Taxes When You Are Self-Employed
A straightforward walkthrough of self-employment tax filing, including Schedule C, estimated payments, deductions, and common mistakes to avoid.
culture
How Much Is Tax for Self-Employed Workers
Self-employment tax includes Social Security and Medicare at 15.3%, plus income tax based on your bracket and deductions. Here is how the numbers work and what to expect.
culture
When Do You Pay Self-Employment Tax and How It Works
Self-employment tax is due when you earn $400 or more in net self-employment income, paid quarterly with estimated taxes and filed annually with your return.
business
Medicare and Social Security Rates: What Workers and Retirees Need to Know
A clear breakdown of current Medicare and Social Security tax rates, who pays them, and how they affect your paycheck and future benefits.
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