Nurse Practitioners as Independent Practice Owners

There is a large and growing need for nurses across the board in America’s healthcare system today. The rise in the number of senior citizens and geriatrics within the population are directly linked with the need for quality nursing care. With that comes a number of challenges and strains that are placed upon the medical…

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The Self-Employed: The Vision and Preparation for Retirement

The self-employed community plays a pivotal role in the economies of nations. The changing patterns of employment have changed how people work and how they save, invest, and prepare for their retirement. Growth of the Self-Employed Economy The self-employed economy, including freelancers, contractors, small business owners, and sole proprietors, is growing fast, especially in the…

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Americans Abroad on Self-Employment Taxes on Foreign Income

How does self-employment tax work for those Americans, who live abroad, travel the world and work for themselves? Well, you still have to pay US taxes on foreign income if you are a freelancer, independent contractor, digital nomad or entrepreneur abroad. Yes, US tax laws apply no matter where in the world you live and…

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Self-Employment: A Beginner’s Tax Guide

Self-employed individuals have a unique set of tax circumstances, ones very different from those of employees. If you are starting your own business or are otherwise self-employed, there are a number of tax provisions you should be aware of. Here’s a beginner’s tax guide for self-employment. Federal Self-Employment Taxes If you were an employee previously,…

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7 Tax Deductions to Start Tracking Now

If you are self-employed, you probably know that you have to set aside fifteen to twenty percent of your income to pay self-employment taxes. What many people don’t know is that you can save a serious chunk of change by capitalizing on self-employed tax deductions. When I first started out, I only knew about two…

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Self-Employed? 5 Easy Ways to Lower Your Tax Bill

If you’re like most small business owners, you’re always looking for ways to lower your taxable income. Here are five ways to do just that. 1. Deducting the Cost of a Home Computer If you purchased a computer and use it for work-related purposes, you can take advantage of the Section 179 expense election, which…

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The Top 10 Self-Employed Tax Questions and Answers

A lot of us fancy having our own business. The idea of being your own boss is quite a strong motivating factor. But there is no denying the fact that you have to take care of most of the factors in self-employment. Here are the top 10 tax related question for self-employed individuals along with…

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How to File Taxes as a Self-Employed Sole Proprietor

The most common form of small business ownership, a sole proprietor (sole proprietorship if you’re being formal) is an “unincorporated business” where the owner literally owns the entire business. As such, for tax reasons, the business and its owner are considered the same tax entity. Being self-employed literally means working for yourself, which is often the…

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