2. Tax Saving Info Tax Breaks for Business Owners and the Self-Employed
Every penny counts when you are self-employed or own a small business. But the good news is that you can take advantage of tax breaks for small businesses that can help you keep more of your hard-earned money.
If you’re self-employed, you are generally required to file a tax return each year and pay estimated income taxes every quarter as well as self-employment tax (Social Security and Medicare). If you earned $400 or more from self-employment, you generally have to file an income tax return.
Remember, the deadline to file your federal and state income taxes is Monday, April 15, 2013.