Who is Self-Employed? What New Business Owners Need to Know About Taxes

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ABA Tax Accounting | Tax Services | St. Paul, MN Accounting Firm

Federal, State, Local and International Taxes - Generally, you are self-employed if any of the following apply to you.

• You carry on a trade or business as a sole proprietor or an independent contractor.
• You are a member of a partnership that carries on a trade or business.
• You are otherwise in business for yourself (including a part-time business)

Self-Employed: Don't Forget to Deduct Health Insurance Costs this Year. Under the Small Business Jobs Act of 2010, can reduce your net self-employment income by the amount of your self-employed health insurance deduction on Form 1040. Considering a Tax Professional? For no obligation free consultation contact us today! ABA Tax AccountingAmare Berhie, Senior Tax Accountantamare@abataxaccounting.com612-282-3200866-936-0430 Toll Freehttp://www.abataxaccounting.comwww.abatax81.blogspot.comwww.abataxaccounting.wordpress.com