15 Tax Benefits and Deductions for Self-Employed

As a self employed individual, you spend all your time figuring out how to generate income for your business. Every year, you will have to file taxes based on your taxable income. Taxable Income is based on a simple formula. Gross Income/ Revenues      –    Allowable Business Deductions        =              Taxable Income. Getting as much of…

Tax Basics for Beginners – your guide to understanding taxes

What is my tax classification? Many of you have been thinking about starting your own businesses or just being self-employed in general.  There is a certain appeal in being your own boss. Before you take your first step into the world of entrepreneurship, there are several factors you will need to consider in order to…