Your cash flow when you work for yourself can vary dramatically from month to month. Understanding your cash flow and finances is even more critical when you are self-employed. Make sure to educate yourself. Uneven Cash Flow Make sure to have an emergency fund....
Saving is important and if you're saving, eventually, you'll need to put aside money for retirement. The government makes that easier by providing generous tax deductions for saving. When you’re self-employed, U.S. tax law makes it much more confusing. For personal...
If you have a side hustle that needs insurance, make sure you understand the costs, benefits, definitions, and terms of coverage. A personal auto or home insurance policy is likely to be inadequate for side hustles like AirBnb or AmazonFlex. Personal Vs. Commercial...
If you have a side hustle, you are partially “self-employed” as far as tax authorities are concerned. Self-employment offers benefits of flexibility but has both advantages and disadvantages when it comes to federal income and employment taxes. Withholding Income...