Self-Employed Individuals

Self-Employed Individuals

Taxpayers who work for themselves. They decide when, how, and where to work, obtain their own jobs or sales, pay their own expenses, and receive social security and Medicare coverage through payment of self-employment tax.
References in periodicals archive ?
Pursuant to TRAIN, purely self-employed individuals including professionals whose gross annual sales or receipts and other non-operating income do not exceed the new value-added tax (VAT) threshold of P3 million can elect to be taxed at either:
Generally, personal loans are sanctioned to salaried, non-salaried and self-employed individuals.
The conclave aims to create a platform for young entrepreneurs and self-employed individuals, and provide them motivation, networking and mentoring.
To address this, under Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) law sponsored by Angara, compensation income earners as well as professionals and self-employed individuals with small businesses, whose annual taxable income do not exceed P250,000, are exempted from income taxes and are no longer required to file income tax returns (ITRs).
To address this, Congress exempted from paying income taxes, workers, as well as professionals and self-employed individuals with small businesses, if their annual taxable income does not exceed P250,000.
Regarding health insurance, business owners and employees and self-employed individuals should weigh the pros and cons of high deductible plans when choosing coverage for next year.
Juan Edgardo 'Sonny' Angara vowed on Saturday to carefully study various proposals reforming the tax regime for self-employed individuals and professionals to further help small businesses.
Over 1,000 applications for payment of unpaid social contributions by employers and self-employed individuals in instalments have been received since August 1, when the scheme was introduced, the social insurance department said on Thursday.
Apps devised by Honest Dollar helps self-employed individuals, independent contractors, and small and medium-sized businesses establish individual retirement account (IRA) savings programmes.
QNB-Alahli is one of leading banks in terms of offering innovative banking products and services, of which is Professional's Programme first launched in 2007, and is offering numerous banking packages targeting self-employed individuals or very small business entities (VSB).
Self-employed individuals have to pay both employer and employee contributions at the same rate.
Employees with a minimum salary of BD300, retirees and self-employed individuals can apply in accordance with terms and conditions.

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