Can An Accounting Software Package Make Enterprise Finances Painless
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First I am going to make some assumptions. I'll assume that as a self-employed person you file your taxes on a schedule C like a sole proprietor, thereby subjecting your business income towards the self-employment tax at 12-15.3%. Next I'll assume you are inside the 25% marginal tax group. That is, for each additional dollar you enable you to get pay 25 cents in federal tax.