How To Show Payroll For Self Employed: 10 Tips To Keep In Mind

As a self-employed individual, you are responsible for remitting your own payroll taxes. This includes both the employer and employee portions of Social Security and Medicare taxes. You will also need to pay federal and state income taxes.

One of the key benefits of being self-employed is that you can deduct a variety of expenses that you incur in the course of your business. These deductions can help to offset the cost of your taxes.

To make sure that you are taking advantage of all the deductions you are entitled to, it is important to keep good records. This includes keeping track of your expenses and income, as well as maintaining records of your payroll taxes.

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Here are 10 tips to help you keep track of your payroll taxes and deductions:

Keep track of your income. This includes all money that you receive from your business, including any payments made by clients or customers.

Keep track of your expenses. This includes any money that you spend in the course of your business, including office supplies, travel, and entertainment.

Keep track of your payroll taxes. This includes both the employer and employee portions of Social Security and Medicare taxes, as well as federal and state income taxes.

Keep track of your deductions. This includes any expenses that you can deduct from your income, such as business expenses, home office expenses, and self-employment taxes.

Keep track of your records. This includes maintaining records of your income, expenses, and payroll taxes.

Keep track of your tax liability. This includes the amount of taxes that you owe, as well as any payments that you have made towards your taxes.

Keep track of your tax payments. This includes any money that you have paid towards your taxes, including estimated tax payments.

Keep track of your tax refunds. This includes any money that you have received from the government as a refund of your taxes.

Keep track of your tax obligations. This includes any money that you owe in taxes, as well as any deadlines for payment.

Keep track of your tax return. This includes the forms that you will need to file your taxes, as well as the instructions for filing your taxes.

3 Things Employers Should Never Ask Of Their Employees

We all know the drill. You go in for a job interview, and the employer starts asking some pretty personal questions. They want to know everything about you, from your work history to your personal life. But there are some things that employers should never ask their employees.

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Here are three of them:

How much money do you make?

This is a question that is illegal for employers to ask in many states. Even if it isn’t illegal, it’s still a very personal question that you don’t need to answer. If an employer asks you how much money you make, you can simply tell them that you’re not comfortable sharing that information.

What is your religion?

This is another question that is illegal for employers to ask in many states. Employers are not allowed to discriminate against employees based on their religion, so asking this question is a clear violation of the law. If an employer asks you about your religion, you can politely decline to answer.

Are you pregnant?

Employers are not allowed to discriminate against employees based on their pregnancy status. Asking this question is a clear violation of the law, and it’s also a very personal question that you don’t need to answer. If an employer asks you whether you are pregnant, you can simply tell them that it’s none of their business.

Remember, you don’t have to answer any question that you don’t feel comfortable answering. If an employer asks you a question that you don’t want to answer, you can politely decline to answer.

How To Use Your AT&T Wireless Employer Discount To Save On Your Monthly Bill

If you’re an AT&T customer and you work for a company that has an AT&T business agreement, you may be able to get a discount on your monthly bill. Here’s how it works:

First, check with your HR department to see if your company has an AT&T business agreement. If so, they should have a unique code that you’ll need to register for the discount.

Once you have the code, go to att.com/wirelessdiscount and enter it. If your discount is approved, you’ll see a confirmation message and your discount will be applied to your next bill.

That’s it! You’ll now be saving money on your AT&T bill every month.

So if you’re an AT&T customer and you work for a company with an AT&T business agreement, be sure to take advantage of this discount. It’s a great way to save on your monthly bill.

If you’re an AT&T customer, you may be able to get a discount on your monthly bill through your employer. AT&T offers a discount to employees of participating companies, and the discount can be applied to both new and existing AT&T customers.

To see if your employer is eligible for the discount, visit AT&T’s website and enter your employer’s name or email domain in the search box. If your employer is eligible, you’ll be able to enroll in the discount program online.

Once you’re enrolled, you’ll receive a monthly discount on your AT&T wireless bill. The amount of the discount will vary depending on your employer, but it could be as much as 15% off your total bill.

If you’re not an AT&T customer, you can still enroll in the discount program and receive the discount on your first bill. To enroll, you’ll need to provide your employer’s name or email domain and your AT&T account number.

The AT&T wireless employer discount is a great way to save on your monthly bill, and it’s easy to enroll. If you’re an AT&T customer, be sure to check if your employer is eligible so you can start saving today.

The Second Foundation In Personal Finance Is Creating A Savings Plan.

This is easier said than done for many people. They either don’t make enough money to save or they have too much month left at the end of their money. The key to creating a savings plan is to make it automatic. The best way to do this is to have a certain amount of your paycheck deposited into a savings account each pay period. This way, you never even see the money and it’s not burning a hole in your pocket.

If you have a 401k plan at work, make sure you are contributing enough to get the employer match. Employer matches are free money and you should always take advantage of free money. If you don’t have a 401k plan at work, open a Roth IRA. A Roth IRA is an individual retirement account that you fund with after tax dollars.

This means that you will not get a tax deduction for the money you contribute, but the money will grow tax free and you can withdraw it tax free in retirement. The best place to open a Roth IRA is at a discount broker like Vanguard or Fidelity. They have the lowest fees and they are very user friendly.

The third foundation in personal finance is creating a budget. This is where many people fail. They either don’t know where their money is going or they are too afraid to look. The key to creating a budget is to find a system that works for you and to stick to it. There are many different budgeting systems out there. You need to find one that fits your personality and your lifestyle. You also need to be willing to adjust your budget as your life changes. The best way to find a budgeting system is to do a search on the internet or to check out some of the many budgeting books that are available.

The fourth foundation in personal finance is investing. This is where most people get scared. They think that they need a lot of money to invest. This is not true. You can start investing with very little money. The key to investing is to start early and to invest regularly. The best way to invest is to start with a mutual fund. A mutual fund is a collection of different investments, such as stocks and bonds, that are managed by a professional. The advantage of a mutual fund is that it is diversified, which means that it is less risky than investing in just one stock. The best place to invest in a mutual fund is at a discount broker like Vanguard or Fidelity.

The fifth foundation in personal finance is insurance. This is something that many people don’t like to think about, but it is very important. Insurance protects you and your family in case of an accident or illness. There are many different types of insurance, such as health, life, and disability. You need to make sure that you have the right type and amount of insurance for your needs. You also need to make sure that you are getting the best possible price for your insurance. The best way to do this is to shop around and to compare rates.

These are the five foundations of personal finance. If you can master these, you will be well on your way to financial success.

How Long Does COBRA Health Insurance Last After Leaving A Job?

The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a federal law that gives employees the right to continue their health insurance coverage after they leave their jobs. Under COBRA, employees can keep their health insurance for up to 18 months, but they have to pay the full premium themselves.

COBRA is a great option for employees who are leaving their jobs but want to keep their health insurance. However, it can be expensive, so it’s important to compare the cost of COBRA with other health insurance options before making a decision.

COBRA continuation coverage lasts for up to 18 months. After that, you’ll need to find other health insurance.

You may be able to get health insurance through the Marketplace. If you qualify for a subsidy, you can get help paying for it. You can also buy a health insurance plan outside the Marketplace.

If you have a pre-existing condition, you can’t be denied coverage or charged more because of it.

COBRA health insurance is a government-mandated program that allows workers to continue their employer-sponsored health insurance after they leave their jobs. COBRA coverage can last for up to 18 months, but it is typically only available to workers who have lost their jobs due to involuntary reasons, such as layoffs or termination.

While COBRA health insurance can be a lifesaver for many workers, it is important to remember that it is not free. Workers who elect to continue their coverage under COBRA will be responsible for paying the full premium, plus a 2% administrative fee. This can be a significant financial burden for many workers, so it is important to weigh all of your options before deciding whether or not to enroll in COBRA coverage.

The Benefits Of Health Insurance For Students

As a student, you have a lot on your plate. From classes and homework to extracurricular activities and socializing, it can be tough to find time to take care of yourself. And while your health may not be at the top of your list of priorities, it should be.

Your health is important, and one of the best ways to take care of it is to have health insurance. Here are a few reasons why you should consider getting health insurance as a student:

You’re not invincible

No matter how healthy you are, accidents and illnesses can happen. And if you don’t have health insurance, you could be stuck with a huge medical bill.

Your health insurance can travel with you

If you have health insurance through your parents, you may be covered even if you go to school out of state. Check with your parents or your insurance company to find out.

You may be required to have health insurance

Some schools require students to have health insurance. Even if your school doesn’t require it, having health insurance is a good idea.

Your parents may want you to have health insurance

Your parents may want you to have health insurance for peace of mind. And if you have a chronic illness or condition, they may require you to have it.

Health insurance can save you money

If you have health insurance, you’ll save money on doctor’s visits, prescription drugs, and other health care costs.

You can get discounts on health insurance

If you’re a student, you may be able to get a discount on health insurance. Check with your parents, your school, or your insurance company to see if you qualify.

You can get free or low-cost health insurance

If you’re a student, you may be eligible for free or low-cost health insurance through the government. Check out the Health Insurance Marketplace to see if you qualify.

You may need health insurance after graduation

If you have a chronic illness or condition, you may need health insurance after you graduate. Check with your parents or your insurance company to see if you can stay on their plan.

You can get health insurance through your job

If you have a job, you may be able to get health insurance through your employer. Check with your employer to see if they offer health insurance.

You can get health insurance on your own

If you’re not eligible for health insurance through your parents, your school, or your job, you can buy it on your own. Check out the Health Insurance Marketplace to see if you qualify for a subsidy.

No matter your situation, there’s a health insurance plan that’s right for you. And the sooner you get covered, the better.