Reality Bites – Make Sure You Understand Your Tax Obligations
There is an old saying that goes “There are only two things that are certain in life, and those are death and taxes.” I wonder if there is actually such a thing as death by taxes. Last night, I was working on my tax return and nearly had a heart attack. It seems as though I have misunderstood a very important principle regarding income taxes and self employment tax. They are not the same thing, you know. While I do know a lot about owning and operating a home – based business, I will be the first to admit that … Continue reading