http://www.moneycrashers.com/tax-considerations-for-self-employed-income/?utm_source=rss&utm_medium=rss&utm_campaign=tax-considerations-for-self-employed-income personal finance blog Fri, 20 Nov 2009 01:58:57 -0600 http://wordpress.org/?v=2.8.6 hourly 1 http://www.moneycrashers.com/tax-considerations-for-self-employed-income/comment-page-1/#comment-6579 savvy Tue, 16 Jun 2009 14:54:18 +0000 http://www.moneycrashers.com/?p=835#comment-6579 Your friend should note that there is a specific calculation to be used when determining SEP-IRA contributions. It isn't 25% of gross income. That said, it can be a great tool for small business owners. However, depending on your friend's revenue, s/he may want to consider other options such as a solo 401(k). Your friend should note that there is a specific calculation to be used when determining SEP-IRA contributions. It isn’t 25% of gross income. That said, it can be a great tool for small business owners. However, depending on your friend’s revenue, s/he may want to consider other options such as a solo 401(k).

]]>