Here’s a basic overview of the self-employment tax calculation for self-employed people. These are the steps for the calculation: Determine your net self-employment income. For most self-employed people, this will be the net profit from their Schedule C. Multiply by 92.35% (.9235). Multiply that result by 15.3%. This gives you the amount of self-employment tax […]
The struggles faced in getting a not-for-profit off the ground are similar to those of a small business … with a few key differences.
Keeping a business small and manageable is ideal … but it’s impossible to totally avoid paperwork while having a functioning business in the real world.