This tag is to be used for all questions related to Self Employment. Typically this tag should be accompanied by a geography tag indicating the region for the question along with other specific topic tags.
Questions tagged [self-employment]
407 questions
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4 answers
The USA "self-employment tax dodge" mystery
For non-US readers:
In the US, for those who are self-employed, there are many specific taxes. One particular tax is the confusingly named "The Self-Employment Tax".
Thus, if you are self-employed, you pay a number of specific taxes, all of which…
Fattie
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What US tax laws apply to a 13 year old game developer?
I'm a thirteen year old game developer and I am wondering what the tax laws are as a minor in the US. I don't currently make any money off of my games but I'm thinking of selling on the Google play store, my website and maybe even Steam if my PC…
Kaden Atmore
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3 answers
In USA, can I set up a one-person corporation and pay myself mainly through dividends?
In the UK an IT-contractor can save in taxes by opening a company, paying themselves a minimum wage as a salary and then taking a larger amount of income as dividends.
Is this possible (for a single-person corporation) in the United States?
If yes,…
user24155
33
votes
11 answers
What warnings would you tell a friend about to enter a multi-level marketing (MLM) business venture?
Imagine you had a friend who was about to join a multi-level marketing (MLM) business, despite your advice to the contrary. Another friend or family member had already convinced them the opportunity is a worthwhile business venture, and you couldn't…
Chris W. Rea
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When should I start an LLC for my side work?
I am doing quite a bit of sidework this year and wondering at what point would it be a good idea to "start a business" and bill through that.
Jeff Martin
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32
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6 answers
Why do consultants or contractors make more money than employees?
Why do consultants or contractors make more money than employees?
user454
25
votes
2 answers
Do I need to pay taxes as a food delivery worker if I make less than $12,000 in a year?
I started working for Doordash, a food delivery service. Technically I think I am a self-employed contractor.
I saw online that you don't have to declare taxes if you make less than $12,200 in a year. However I also read that you're supposed to…
deliveryguy
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15% tax on $7.5k earnings. Is that right?
This year is my first year in the USA. My sole earnings were an honorarium from a university for $7,500 -- reported on a 1099-MISC form in box 7.
For this, I was on-site for a few days and talked about my particular technical expertise with…
A-Foreign-Scientist-2018
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4 answers
W2 vs 1099 Employee status
I've in the middle of an offer for employment. During negotiations, I've asked for more money due to distance involved (Further by far than I'd normally consider, but the pay raise I'd get is basically double what I'm making now).
Lets say I was…
WernerCD
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Why is this tutor agency startup so highly valued by investors?
I am currently a university student, looking to make a bit of extra money. I got excellent grades in high school, so I was looking into tutoring.
I figured from research that I could get some clients from either family or by using an online ad site…
John Hon
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16
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3 answers
Can I send back money I "loaned" from my personal account to business account?
I opened a self-employed business (in the UK). As a starting budget I sent £100 from my taxed salary to my business account to have something on it. Can I send it back from my business account to my personal account without having to pay any tax on…
Gergő Horváth
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14
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4 answers
Offered a job: Should I go as consultant / independent contractor, or employee?
Two partners started a business, and it's grown pretty big (comparatively).
Now they've asked me to be the CTO, and I've determined it's a good position for me to take. I'll be getting 90% of my current salary, and 5% equity in the company.
The…
linkedlinked
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13
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Can I get a mortgage if I'm employed by my own company, rather than self employed?
My partner and I are looking to buy a house as soon as possible (i.e., the second we have the deposit in the next 3-4 months). My partner is currently in full time work but we want to focus on our own business so he's ready to quit, but with that we…
Willow
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Can an Uber driver deduct food expenses?
A person is working for Uber driving people around. He is self-employed. He often eats lunch out. Is the cost of this lunch deductible on his income tax return?
Bob
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How much should a hobby business make to be worth the effort for taxes?
My wife was a software developer for 15 years until we had our daughter, and since then she has been primarily concerned with caring for her. She has been volunteering her time for personal fulfillment, but recently a neighbor approached her about…
NL - SE listen to your users
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