Self-Employment Tax - OSCPA Tax Advisory

Entity Selection Revisited: Is It Time to Change Your Business Structure?

Tax Advisory & PlanningJuly 20, 2026403Views 33Likes 0Comments

The Cost of Complacency The business structure you started with may not be the structure you need today. A sole proprietorship or basic LLC can work well in year one. It is simple, cheap, and easy to manage. But once profits grow, staying in the default structure may quietly cost you thousands in unnecessary taxes.…

Everything You Need to Know About Self-Employment Tax (Schedule SE)

Tax PreparationJuly 13, 2026424Views 33Likes 0Comments

The 1099 Surprise A lot of freelancers get their first real tax shock in April. They saved a little for regular income tax, but forgot about self-employment tax. That is when the IRS bill suddenly feels much bigger than expected. If you work for yourself, this tax is not optional. It applies to freelancers, contractors,…

How to Avoid the Self-Employment Tax Trap as a Freelancer or Contractor

Tax Advisory & PlanningJune 15, 2026354Views 31Likes 0Comments

The 15.3% Shock Leaving a W-2 job can feel freeing. No boss. More control. Better income potential. Then tax season shows up. Many freelancers and contractors are shocked to learn they owe self-employment tax. This is a flat 15.3% tax for Social Security and Medicare, and it comes on top of regular income tax. At…

Tax Terms Every Small Business Owner Should Know

UncategorizedJune 8, 2026364Views 32Likes 0Comments

Learning a New Language Running a small business means learning a brand-new vocabulary. Suddenly, you are hearing words like deductions, credits, net income, pass-through entities, and estimated taxes. It can feel confusing at first, but once these small business tax terms explained actually make sense, you can protect your cash flow and make better decisions.…

How Much Should You Set Aside for Taxes as a Self-Employed Professional?

UncategorizedJune 2, 2026357Views 31Likes 0Comments

The April Tax Shock The first year of self-employment can feel amazing. The invoices get paid. The money hits your bank account. You spend it on rent, software, groceries, equipment, and maybe a little celebration. Then April arrives. That is when many freelancers and business owners realize the IRS was never taking taxes out of…

How an S-Corp Election Can Save You Thousands in Self-Employment Tax

Tax Advisory & PlanningJune 1, 2026377Views 31Likes 0Comments

The 15.3% Self-Employment Tax Wall If you run a standard sole proprietorship or single-member LLC, your business profit gets hit with self-employment tax. For many owners, the self employment tax rate 2026 is the wall they keep running into. That rate is generally 15.3%. It covers: 12.4% Social Security tax 2.9% Medicare tax And here…

Tag: Self-Employment Tax

Entity Selection Revisited: Is It Time to Change Your Business Structure?

How to Avoid the Self-Employment Tax Trap as a Freelancer or Contractor

Tax Terms Every Small Business Owner Should Know

How Much Should You Set Aside for Taxes as a Self-Employed Professional?

How an S-Corp Election Can Save You Thousands in Self-Employment Tax

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