Monday, March 2, 2009

tax nightmare

being self-employed is really fun, until the day you have to declare tax. the amount of work going on in all the calculations of expenses and profits etc. is scary. i am so confused.

if this is your first year reporting tax as self-employed too, look here.

have fun!

if you are a mother-to-be and self-employed, note that the government pay your maternity leave for 2 months capped at $10,000. look here

but unfortunately, the monthly income is based on the latest iras statement and even if your monthly income has increased in the new year, you are going to be paid the previous yr amt.

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