In December 2010, President Obama signed the Tax Relief Act, which will reduce withholding for employees in an attempt to boost taxpayer income, and by extension, consumer spending. However, this bill carries another benefit for those people who are self-employed: Self-Employment taxes (Social Security and Medicare) have been lowered by 2%. This windfall for self-employed Americans will only last one year, so it’s important to be aware of the specifics in order to take advantage of the benefits.
Running a small business is no small feat. That's why we've created a small business forum for expert insight, insider tips and the industry knowledge you need to see your small business grow.
Join our small community for expert insights, insider tips, and the industry knowledge you need to see your small business grow.Get Started Become A Member
Running a small business is no easy feat. That's why we've created a forum for small business ideas, insider tips and the industry knowledge you need to help your small business grow.
Now that you’re a member of the community, spice up your profile by adding photos, a custom avatar, information about your small busines, and much more.View Profile
Take part in the conversation and post your own question to the community.
Ways to Make Your Search More Accurate
Most of the time, you just want to find content that has a particular phrase. Here are the easiest ways to find the content you want.