While employers are often required to include all employees in fringe benefit plans and retirement plans, the same requirement does not apply with respect to independent contractors. If an employer ...

A sole proprietor who purchases health insurance in his individual name has established a plan providing medical care coverage with respect to his trade or business, and therefore may deduct the ...

Sal Bademci works on a customer at his Patchogue, New York, barbershop in August 2021. (Alejandra Villa Loarca/Newsday RM via Getty Images) The more than 150 million workers in the United States ...

Learn how banks assess self-employed applicants for personal loans, focusing on credit health, income consistency, and debt ratios.

If you made money last year from a side hustle or gig work, tax time can feel stressful and confusing. We're here to help. Self-employment taxes are the Social Security and Medicare taxes individuals ...

As someone who’s been self-employed for two decades, saving for retirement is a challenge. I set up my own retirement accounts a long time ago, in addition to college savings and an emergency fund.

The Great Resignation may be creating a tax headache for a lot of people. Last year more than 47 million people quit their jobs. In the same year, a record 5.4 million new business applications were ...

Without businesses, there can be no workers, and without either, the state itself cannot function. If micro enterprises ...

Self-employed workers need to pay Social Security taxes. But those workers also have access to several deductions. Many, or all, of the products featured on this page are from our advertising partners ...

Applying for a mortgage can be difficult, especially for people with nontraditional income sources, like self-employed workers, small business owners, gig workers, freelancers and anyone else who ...

Many or all of the products and brands we promote and feature including our ‘Partner Spotlights’ are from our partners who compensate us. However, this does not influence our editorial opinion found ...

Getting a mortgage is challenging for anyone, but there are additional hurdles if you're your own boss. Lenders typically require pay stubs, W-2 forms and a record of steady employment. They consider ...