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Ow 8 Es Form

Ow 8 Es Form

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hello welcome to worksheet three of the business spreadsheet template for your endof year income taxes now these are your business taxes filed with your personal the infamous April 15th due date now you do pay self-employment tax if your net income from your business is more than $400 and this just gets added in with your income taxes now the self-employment tax comes out to 15.3% but it's actually a bit lower than that because you get a deduction for the self-employment taxes you pay on your personal return and um self-employment taxes are only calculated on 92% of the income from your business so the calculation is a bit complicated um whether you do your taxes yourself or you hire someone the software takes care of all of this automatically and I will let you know that when you're self-employed working for yourself your taxes really aren't that complicated I've seen people kind of waste money and time because they aren't getting the answers th

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