A fair profit for a small business is between 9% and 37%. To me, 100% is a fair profit. The customer hands me their money and I do nothing in return. The problem with that scenario is that the customer will never come back. If I go to the [...]
No other tax confuses the self employed than the self employment tax. It is reported on Schedule SE with your Form 1040. Learn why and how to calculate this tax.
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