Oct
19
Now, anyone can get started with early online tax filing and get a head-start on their tax refund. TurboTax and H&R Block will both securely hold and then submit customers’ tax return to the IRS as soon as they begin accepting returns.
There is no … Read the rest
Aug
30
Joining the ranks of the self-employed is a dream for so many. But that freedom comes with a certain cost.
Taxes become more complex when you decide to become self-employed. The self-employment tax is your single biggest concern. Today, the self-employment tax is set at 15.3%.
We’re going to show you what you need to … Read the rest
Aug
28
Anyone with a job will see a Social Security tax added to their paychecks. This payroll tax amounts to 6.2% of whatever you earned. The money goes directly towards funding the Social Security program.
Self-employed individuals pay double this amount because they must cover both the employee and employer parts of the tax. However, you … Read the rest
Aug
27
Here’s what you need to know about Medicare taxes.
The Medicare tax is what’s known as a type of payroll tax. It’s paid by both employers and employees, so it’s your responsibility to withhold the correct amount from the salaries of your employees. You also need to make a matching contribution.
The Federal Insurance Contributions … Read the rest
Aug
26
Filing your taxes is never easy. Tax preparation services, on the other hand, make it easy for you to handle your tax affairs without worrying about getting it wrong and dealing with an IRS audit, along with any associated penalties levied.
The way it works is that taxpayers can choose from Jackson Hewitt’s online tax … Read the rest
