There is nothing more satisfying in the business world than working for yourself. You get to set your own hours, work by your own rules, be the sole proprietor of your livelihood, and keep the profit.
It seems like a great deal! However, it can be a little stressful for self-employed individuals during tax season.
On top of everything else, do you have to pay self-employment taxes? What is the typical self-employment tax percentage, and does it change from state to state?
We cover all of this and more in our article below.
source https://www.emscorporate.com/news/pay-self-employment-tax
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