Should Your Side Gig Be an S-Corp?
Below about $50,000 in net profit, an S-corp election costs more than it saves. Here's the salary-split math, the real costs, and the breakeven number.
All the articles with the tag "self-employed".
Below about $50,000 in net profit, an S-corp election costs more than it saves. Here's the salary-split math, the real costs, and the breakeven number.
For most tech workers with 1099 side income, the solo 401k beats a SEP IRA. The math, the shared deferral limit, and the backdoor Roth trap that decides it.
Side income hits harder than W-2: you pay SE tax plus income tax. Here's the Schedule C breakdown, the SE tax math, SEP-IRA limits, and quarterly estimates.
W-2 remote workers can't claim the home office deduction post-2017 TCJA. Here's who can, how the simplified vs regular method math works, and when each wins.
Owe $1k+ in taxes after withholding? You're supposed to pay quarterly. Here's the safe harbor rule, 2026 due dates, and the math on $30k freelance income.