Erosen's blog

Filing & Paying Taxes When You’re Self-Employed

Being self-employed can bring you great power, but also great responsibility. Therefore, it is important to remember the tax obligations that come with being your own boss. When you are self-employed, you don’t have an employer withholding taxes on your behalf. Therefore, you are expected to make quarterly estimated tax payments to cover your Social Security, Medicare, and income taxes for the year.