Most entrepreneurs don’t get too excited about filing taxes. Self-employment taxes can be high and it can also be a challenge to keep all your financials organized throughout the year. The fact that you might have to pay taxes four times a probably won’t help your enthusiasm either. Paying taxes are inevitable though, and you’ll…

Health care spending is a major expense for many households. However, when you work for “the man,” your health care costs are often subsidized by your employer. The situation is different when you’re a business owner or self-employed. Managing health care costs when self-employed takes a little more planning. Are You Eligible for a Subsidy…

Previous generations had access to healthcare insurance through their employers, who were often big corporations or government employers. A pension often came with the job, as well, giving a worker incentive to stay in the same job for decades. The job offered a security that couldn’t be found by opening a small store or diner….

A historic number of workers have become their own bosses amid the COVID-19 pandemic, according to data from the Bureau of Labor Statistics (pdf). As of October, there were about 9.44 million unincorporated self-employed individuals in the United States, as per the Bureau’s data. In that same month last year, there were about 8.78 million unincorporated self-employed individuals in the United…

A historic number of workers have become their own bosses amid the COVID-19 pandemic, according to data from the Bureau of Labor Statistics (pdf). As of October, there were about 9.44 million unincorporated self-employed individuals in the United States, as per the Bureau’s data. In that same month last year, there were about 8.78 million unincorporated self-employed individuals in the United…

Being self-employed means you don’t have the same benefits as those who work at a regular job. There is no sick pay or vacation pay, for instance. Neither is there a health insurance package, annuity insurance, life insurance, disability insurance, or flexible medical and childcare accounts. But there is one other key difference between working…