#self-employment
Self-Employment
Learn about self-employment taxes, LLC owner compensation, and freelancer financial management
Making Tax Digital for Income Tax Arrives April 2026: What UK Sole Traders and Landlords Earning Over £50,000 Must Do Now
MTD for Income Tax starts 6 April 2026 for sole traders and landlords over £50k. Learn the £30k/£20k thresholds, quarterly updates, and digital records requirements.
Malaysia's Gig Workers Act Is Now in Force: What Mandatory SOCSO at 1.25% Per Job Means for Platforms, Drivers, and Delivery Riders in 2026
Act 872 took effect March 2026. Platforms must register gig workers for SOCSO, deduct 1.25% per task, and face RM50,000 fines. Coverage starts at first task and lasts a year even if bookings pause.
Pakistan Just Extended Its 0.25% Tax Rate for IT Freelancers to 2029: What Section 65F and the PSEB Registration Requirement Actually Mean for Exporters
Pakistan extended the 0.25% final tax for PSEB-registered IT exporters to June 30, 2029. Learn the 1% vs 0.25% vs 0% tiers, the 80% remittance rule, and why PSEB registration is the gateway.
Peru's 18% VAT on Foreign Platforms, Explained: What Upwork, Fiverr, and Other Marketplaces Now Withhold and What Freelancers Must Still File
Peru's 18% IGV on foreign digital services took effect Dec 1, 2024 via Legislative Decree 1623. Learn when Upwork and Fiverr must withhold, how SUNAT's Supreme Decree 157-2024 works, and what Peruvian freelancers must still file.
The Philippines' BIR Is Now Watching Freelancer and Influencer Income: Registration, 8% Tax, and the Seal You Must Display in 2026
The BIR now requires freelancers, influencers, and online sellers to register, display a Registration Seal Badge, and choose between 8% gross or graduated + percentage/VAT. RMC 97-2021 and 500 influencers probed are the backdrop.
Vietnam's New Withholding Framework for Freelancers on Foreign Platforms: What Decree 117 and the 10-Digit TIN Mean in 2026
Vietnam requires foreign platforms like Upwork to register, get a 10-digit TIN, and withhold VAT and PIT for resident freelancers. Learn the Decree 117 obligations and the withholding certificate process for 2026.
Mexico's RESICO Regime: Simplified Taxes, Mandatory Monthly Compliance
Mexico's RESICO simplified tax regime offers 1–2.5% flat rates and no annual reconciliation, but requires strict monthly digital invoicing and a MXN 3.5 million income cap.
Newsletter Writer Taxes: Schedule C, Quarterly Estimates, and When the IRS Calls It a Business
Self-employment income from newsletters triggers Schedule C filing, quarterly estimated taxes, and a critical 2026 IRS hobby-vs-business classification change worth tens of thousands of dollars over time.
Mobile Detailing Bookkeeping: How to Track True Job Costs and Profit Margins
Solo mobile detailers can hit 60-80% gross margins, but only by tracking job-level costs — consumables, water, van depreciation, and labor — categories a generic "Supplies" bucket obscures.
Black Car Driver Misclassification: What a $236,000 Verdict Means for Your Business
A federal court upheld a $236,000 jury verdict against a black car company for misclassifying drivers as contractors, reaffirming that the economic realities test — not the label on a 1099 agreement — determines worker status.
The Mandatory Roth Catch-Up Rule: What Business Owners Over 50 Need to Know for 2026
Starting January 1, 2026, anyone whose 2025 FICA wages exceeded $150,000 must direct their entire 401(k) catch-up contribution — $8,000 standard or $11,250 for ages 60-63 — into a Roth account, with no pre-tax option and no opt-out.
Osek Patur vs. Osek Murshe: Israel's ₪120,000 Freelancer VAT Threshold Explained
Israeli freelancers must convert from osek patur (VAT-exempt) to osek murshe (VAT-charging) status once annual invoiced revenue crosses ₪120,000, with the conversion retroactive to the crossing date and closed-list professions like architects and lawyers required to register as osek murshe from their first shekel.