The Self Employment Tax
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Archived Under: Business Ownership , Moneysmartz Editor , Taxes , The Moneysherpa Pages
Tags: Business Ownership, Moneysmartz Editor, Taxes, The Moneysherpa Pages
Starting a business is daunting. Adding to the stress is an array of administrative tasks, not the least of which is dealing with the IRS. If you are self-employed and wondering how to calculate and pay your taxes, there are many helpful online resources that should lower your blood pressure, get your taxes out of the way, and allow you to focus on important tasks, like making money.
For an easy to digest overview of self-employment taxes, visit Wachovia's Self-Employment Tax page with ways to report the self-employment tax to the IRS and available income tax deductions.
For forms and an in-depth review of the self-employment tax, visit the Internal Revenue Service.
To estimate your self-employment taxes, visit H&R Block's self-employment tax estimator. If you are paying self-employment taxes for the first time, then prepare for a shock. The good news is that a portion of your self-employment tax is an income tax deduction.
Finally, Moneysmartz offers a complete list of self-employment tax resources.
CCH Financial Planning Toolkit
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Archived Under: Financial Planning , New and Notable , Taxes
Tags: Financial Planning, Moneysmartz Editor, New and Notable, Taxes
Creating a financial plan can be expensive and difficult, particularly if you are starting from scratch. If you are inclined to save some money and invest some of your own time, then the Financial Planning Toolkit from CCH is an inexpensive and easy way to get started. The site includes an overview of the major steps in the financial planning process, including investing, insurance and risk management, retirement planning, estate planning, and tax planning. A variety of planning tools and calculators makes creating your own financial plan as easy as pointing and clicking your mouse. Recognized as a Forbes Best of the Web site, the CCH Financial Planning Toolkit is a must visit site for do-it-yourself financial planners.
Wikipedia
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Archived Under: Financial Planning , New and Notable
Tags: Financial Planning, New and Notable, Wikipedia
Site Name: Wikipedia
Site Description: With over 2 million articles, Wikipedia is the world's biggest multilingual free-content encyclopedia on the Internet. Anyone can change the encyclopedia or create new articles. Not all of the articles have been verified. However, if you are looking for a wealth of information on almost any financial subject, then Wikipedia is a great place to get started and find useful information and links to other helpful sites.
Bottom Line: For anyone serious about managing their finances and making the most of their time, Wikipedia is worth a permanent bookmark. Since the content is growing everyday, the site is worth frequent visits. For a quick list of financial topics on Wikipedia, visit the Wikipedia profile in Moneysmartz.