Becoming self-employed can be an exciting journey, but it’s also possible to make expensive mistakes.
When you become self-employed, you join millions of other business owners hoping to realize their dreams. However, navigating the murky waters of self-employment can be challenging, especially during the early stages. Although there are no guarantees in business, there are some strategies that could increase your chances of success, especially financially. Here are a few mistakes to avoid as a self-employed person.
That means your tax bill is deferred until you withdraw the money in retirement. SEP IRAs are designed for self-employed people or small businesses with few or no employees and have similar characteristics. As a new entrepreneur, you may want to amp up your knowledge to make your business more profitable. That could mean spending money on courses or training, which can be expensive.
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