Self Employment Tax and Other Taxes IT Consultants should be Aware of

Self employment tax

Offering consultancy services gives you the chance to make money with your knowledge and experience. As such, you could decide to work for a particular company and be on its payroll and avoid self-employment tax. You could also decide to be your own boss by going the self-employment way and pay the tax. Either way,… Continue reading Self Employment Tax and Other Taxes IT Consultants should be Aware of

IRS Audit and 10 Things IT Consultants Can do To Avoid One

IRS audit title on a document and 1040 form.

One of the things you definitely don’t want for your business, especially if you are an experienced IT consultant, is a tax audit. Even though the possibility of facing a tax audit from the IRS is generally low, it is still a major concern for many businesses. Normally, a tax audit is supposed to be… Continue reading IRS Audit and 10 Things IT Consultants Can do To Avoid One