Independent contractors have it rough when it comes to handling taxes. While the rest of the working world has income deducted from each paycheck to cover taxes, the independent contractor is forced to figure everything out on their own.
Figuring out your own taxes can feel like working on a complicated math problem. When you get the problem right, you have the pleasure of forking over your money. When you get the math problem wrong, it means penalties, or worse.
In this article, we take a look at how independent contractors can get their quarterly taxes right.
Independent contractors are disadvantaged from a tax perspective in several ways.…Continue reading