March 16, 2020
For any kind of business, taxes are one of the largest regular expenses. They may even be your single largest expense.
Due to this, it’s worthwhile to ensure that you understand the basics of taxes, even if your accountant handles them. Strategic tax planning can save you tens, even hundreds, of thousands of dollars over time.
One of the most significant components of your tax bill will be the self-employment tax. This is a specific type of tax that only certain people, such as business owners, need to pay.