Working as a freelancer or independent contractor offers flexibility and independence but comes with unique tax challenges. Managing taxes effectively is essential to making the most of your earnings and avoiding any unwelcome surprises. Mike Savage, the CEO and exclusive shareholder of 1-800 Accountant, has helped countless freelancers navigate these challenges. Here, we delve into some essential tax tips for freelancers, drawing on insights from 1800Accountant’s Mike Savage . Understand Your Tax Obligations as a Freelancer Freelancers are considered self-employed, which means you’re responsible for paying income tax as well as self-employment tax, which covers Social Security and Medicare contributions. Unlike traditional employees, these taxes aren’t automatically withheld from your earnings. Understanding these obligations is crucial to staying compliant and financially prepared. Mike Savage of 1800Accountant stresses that many freelancers underestimate their tax liabil...
In the serene town of New Canaan, amidst the hustle and bustle of everyday life, resides a man whose heart finds solace in the tranquil waters of ornamental ponds. Meet Mike Savage, New Canaan a true aficionado of the aquatic world, whose love for koi fish transcends the ordinary. In this aquatic journey, we explore the intricate world of koi through the eyes of a passionate enthusiast. Koi fish, known for their vibrant colors and graceful movements, have become symbols of tranquility and beauty. These majestic creatures, originating from Japan, have found a devoted guardian in Michael Savage , whose backyard hosts a pond teeming with these mesmerizing fish. As we dive into the depths of this aquatic passion, a tale unfolds of vibrant hues, meticulous care, and the soothing melodies of rippling water. Mike Savage's fascination with koi fish began as a quest for a harmonious escape from the pressures of daily life. "There's something magical about watching koi glide thro...