Being your own boss comes with a cost. You are responsible for record keeping and putting a good tax strategy in place. The IRS (Internal Revenue System) audits freelancers and independent contractors routinely because they are suspicious of self-employed people. The IRS keeps an eye on those self-employed individuals whose (a) business is incurring heavy losses year after year (b) … Read more
Tag Archives: tax tips
Tax Tips for the Rookie Entrepreneur
Tax time is around the corner and you can hear the collective groan of small business owners, start-ups and established firms who have to sort out their financial records for the previous financial year. It’s a hassle finding out how much they may have to pay the government at the end of the financial year. If you are a new … Read more
Posted in Know your Business, Small Business University, Small Businesses, Starting a Business, Startups
Tagged in Entrepreneurs, Income tax, small business tax, Tax, tax tips
Tagged in Entrepreneurs, Income tax, small business tax, Tax, tax tips


