Strathclyde Business School

Self-employment tax is a social safety and Medicare tax primarily for people who work for themselves. Your payments of SE tax contribute to your coverage under the social security system. Social safety coverage provides you with retirement benefits, disability advantages, survivor benefits, and hospital insurance coverage benefits. The form of business you operate determines what taxes you have to pay and the way you pay them. The following are the 5 basic kinds of business taxes.

A lawyer by coaching, Byler stated he labored on coverage with the department from 1995 to 2001. After that, he served as an advisor to 2 former Democratic governors, Ted Kulongoski and John Kitzhaber. Byler then spent practically a decade as government director of the Oregon Watershed Enhancement Board, before Kitzhaber appointed him to the state‚Äôs prime water job in 2014. Six years later, key insurance policies contributing to the overpumping of aquifers east …