Business owners and the self-employed get hit twice as hard by payroll and Social Security taxes. Put another way; if you were self-employed for your entire career, you would likely pay double the taxes for the same Social Security benefits as those who worked as employees their entire careers. You may get more bang for
Taxes
Dan Neidle of Tax Policy Associates in London discusses the United Kingdom’s recent mini-budget and what effects the new tax proposals may have. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: mini-budget, big changes.
After the murder of George Floyd in 2020 by a white police officer, protestors called on governments to improve racial equity. A new report from the Institute on Race, Power, and Political Economy and Brookings Metro assesses promising initial steps by governments in measuring racial equity and lays out a framework to help the field
Share to Facebook Share to Twitter Share to Linkedin The jeers that greeted Britain’s Prime Minister Liz Truss’ minor tax cut proposals glaringly expose the utter lack of enlightenment found in so many of today’s policymakers and commentators. Instead of retreating, Truss should double down by instituting what would be a growth-boosting virtual flat tax.
If you are a business owner, independent contractor, or sole proprietor, you may be looking for more ways to minimize your taxes. One of the biggest tax-planning strategies that small business owners ignore is the Solo 401(k). You could save tens of thousands of dollars in taxes if you qualify annually. As a tax-planning financial