Accounting & Tax Preparation
susan@magicvalleytax.com
304 Eighth Avenue East
Twin Falls, ID 83301
Phone: 208-736-2996
Fax: 208-734-0674
“Finding a plan for your small business is not as much of a challenge as it was 10 years ago, though finding an ‘affordable’ option can take some legwork,” says Gene Fairbrother, lead small-business consultant for the National Association for the Self-Employed (NASE), a support and lobbying group for self-employed workers and very small businesses. [...]
Many people have hobbies, sidelines or engage in freelance work for enjoyment or to make “pocket money”.
If you are buying and selling items on a market stall or sell services you provide, such as housekeeping, babysitting or photography, you’re carrying out a trading activity that may be subject to self-employment tax.
If you make more than $400.00 in net earnings from your [...]