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  2. 5 Must-Do Tasks to Prepare to File Your Side Hustle Taxes - AOL

    www.aol.com/5-must-tasks-prepare-file-180012660.html

    Self-employment tax, the employer and employee portions of Social Security and Medicare taxes, is 15.3%.” That means it’s important to set aside part of your side hustle income for taxes.

  3. SEP-IRA - Wikipedia

    en.wikipedia.org/wiki/SEP-IRA

    If the self-employed person does have employees, all employees must receive the same benefits under a SEP plan. Since SEP-IRAs are a type of IRA, funds can be invested the same way as most other IRAs. The deadline for establishing the plan and making contributions is the filing deadline for the employer's tax return, including extensions.

  4. Enterprise Allowance Scheme - Wikipedia

    en.wikipedia.org/wiki/Enterprise_Allowance_Scheme

    A similar scheme, the Back to Work Enterprise Allowance was set up in Ireland. On 6 October 2010, a plan was announced by Work and Pensions Secretary Iain Duncan Smith to revive the scheme, giving mentoring and funding of up to £2000 to those unemployed for over six months and wishing to start up their own business. The funding would include a ...

  5. Paycheck Protection Program - Wikipedia

    en.wikipedia.org/wiki/Paycheck_Protection_Program

    President Joe Biden visiting the W. S. Jenks & Son hardware store in Washington, D.C., which received a PPP loan (). In order to be eligible for the Paycheck Protection Program, an applicant must be a small business, sole proprietor, independent contractor, self-employed person, 501(c)(3) nonprofit organization, [a] [b] [c] [14] 501(c)(19) veterans organization, [15] [16] or a tribal business.

  6. Best retirement plans for the self-employed - AOL

    www.aol.com/finance/best-retirement-plans-self...

    Here are the details on self-employed retirement plans, ... Schwab are good choices – and you won’t pay extra ... can be easier for an employer to set up than many 401(k) plans, which have ...

  7. 25 passive income ideas to help you make money in 2025 - AOL

    www.aol.com/finance/25-passive-income-ideas-help...

    9. Set up an annuity. An annuity can be a good place to set up reliable income. With a typical annuity, you make payments to an insurance company, which will provide you with a stream of income in ...

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