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– Two types of business taxes: income tax and self-employment tax
– Self-employment tax is two parts: Social Security tax and medicare tax
– Schedule E shows your self-employment tax
– Deduct half of your schedule E self-employment tax
– Set aside 20-30% for quarterly estimated taxes
Resources & Links
Amy’s website: amynorthardcpa.com/
Schedule E (2022): https://www.irs.gov/pub/irs-pdf/f1040se.pdf
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“The Foundation awards $10,000 to a different women-owned business every month. At the end of each year, one of the 12 grant winners is awarded an additional $25,000.”
“Launched 20 years ago this grant honors the memory of a young woman who wanted to be an entrepreneur but died at age 19 before she could achieve her goal.”
“The Amber Grant Foundation was launched in 1998 to honor the memory of a young woman. The grant was formed to help women entrepreneurs reach their goals when Amber could not.”
“This organization offers monthly grants of up to $10,000 to support female entrepreneurs starting businesses. Those who qualify for these grants are also in the running for a yearly $25,000 grant.”
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