6 ms·

The thing that I hate the most is filling taxes.

desireco42 5y ago
You are missing out greatly here, as this is where the benefit of being independent is. You get tax breaks on pretty much everything you do.
- massysett 5y ago
  This is no panacea, as it also means you have no employer paying Social Security taxes on your behalf, not to mention not getting any employer-provided benefits either.
  - withinboredom 5y ago
    You still have to pay SS (at least in the US and NL), it just doesn’t come out of your check every month. In the US, it’s pretty high (15%) IIRC.
mpfundstein 5y ago
then hire someone to do it for you
- sfgweilr4f 5y ago
  This is why I got an accountant who set up the aspects of my side-hustle business I'm too stupid^H^H^H^H^H^H lazy^H^H^H^H busy to sort out. Yes I could have done this all myself but could I have done it myself the correct way from the outset? Not a chance. I would have screwed up some detail.
  - 6510 5y ago
    Its silly, lots of people do their own taxes but forget what they normally charge per hour and how slow they do the taxes makes it not worth it. No one would hire them to do taxes at those rates.
    - mpfundstein 5y ago
      this of course only works if you spend the time in exchange for billable hours. if you do it during down time or in your free time, you of course save money. until you screw up :P
      - 6510 5y ago
        That amused me so much I forget to reply. There is no such thing as doing work in your free time!
- lobocinza 5y ago
  I wish to do so, I approached a few and will definitely hire one when I incorporate as a one person company. The issue is that I did not find one with experience in my activity as it is very particular when compared to that of their average client. And I was reasonably scared that the ones that I could hire could screw me. So I ended up studying how things should be done for this particular case and I think I'm better doing it myself.
Aeolun 5y ago
I have literally never had a problem with this. Is there some part of self employed tax filing that I’m just missing?
- lobocinza 5y ago
  I live in Brazil so things might be different. I have to fill taxes monthly and the system to do it sucks. I have to clear cookies each time I visit it or log in wouldn't work. I'm probably overreacting because I find it extremely boring.
  - KronisLV 5y ago
    Just use a private browser window if it's so bad? Most of the browsers have a mode like that that won't store cookies for the sites that you visit in it. Nor should that mode give any of your already present cookies to the private session. You shouldn't have to clear all of your cookies to just make one site not persist session data. Firefox: https://support.mozilla.org/en-US/kb/private-browsing-use-firefox-without-history https://support.mozilla.org/en-US/kb/private-browsing-use-fi... Chrome: https://support.google.com/chrome/answer/95464 https://support.google.com/chrome/answer/95464 Edge: https://support.microsoft.com/en-us/microsoft-edge/browse-inprivate-in-microsoft-edge-e6f47704-340c-7d4f-b00d-d0cf35aa1fcc https://support.microsoft.com/en-us/microsoft-edge/browse-in... Safari: https://support.apple.com/guide/safari/use-private-browsing-ibrw1069/mac https://support.apple.com/guide/safari/use-private-browsing-...
    - lobocinza 5y ago
      Thanks but who does not know about incognito mode? :) It's not a big deal, I just have to clear/remove cookies for just that site. I though it wouldn't work in incognito mode because theoretically it would require access to my client certificate which I believe wouldn't/shouldn't work in a private window. Anyway I tried and it worked because the site is not using it in the end.
      - KronisLV 5y ago

You are missing out greatly here, as this is where the benefit of being independent is. You get tax breaks on pretty much everything you do.

massysett 5y ago
This is no panacea, as it also means you have no employer paying Social Security taxes on your behalf, not to mention not getting any employer-provided benefits either.
- withinboredom 5y ago
  You still have to pay SS (at least in the US and NL), it just doesn’t come out of your check every month. In the US, it’s pretty high (15%) IIRC.

mpfundstein 5y ago

then hire someone to do it for you

sfgweilr4f 5y ago
This is why I got an accountant who set up the aspects of my side-hustle business I'm too stupid^H^H^H^H^H^H lazy^H^H^H^H busy to sort out. Yes I could have done this all myself but could I have done it myself the correct way from the outset? Not a chance. I would have screwed up some detail.
- 6510 5y ago
  Its silly, lots of people do their own taxes but forget what they normally charge per hour and how slow they do the taxes makes it not worth it. No one would hire them to do taxes at those rates.
  - mpfundstein 5y ago
    this of course only works if you spend the time in exchange for billable hours. if you do it during down time or in your free time, you of course save money. until you screw up :P
    - 6510 5y ago
      That amused me so much I forget to reply. There is no such thing as doing work in your free time!
lobocinza 5y ago
I wish to do so, I approached a few and will definitely hire one when I incorporate as a one person company. The issue is that I did not find one with experience in my activity as it is very particular when compared to that of their average client. And I was reasonably scared that the ones that I could hire could screw me. So I ended up studying how things should be done for this particular case and I think I'm better doing it myself.

Aeolun 5y ago

I have literally never had a problem with this. Is there some part of self employed tax filing that I’m just missing?

lobocinza 5y ago
I live in Brazil so things might be different. I have to fill taxes monthly and the system to do it sucks. I have to clear cookies each time I visit it or log in wouldn't work. I'm probably overreacting because I find it extremely boring.
- KronisLV 5y ago
  Just use a private browser window if it's so bad? Most of the browsers have a mode like that that won't store cookies for the sites that you visit in it. Nor should that mode give any of your already present cookies to the private session. You shouldn't have to clear all of your cookies to just make one site not persist session data. Firefox: https://support.mozilla.org/en-US/kb/private-browsing-use-firefox-without-history https://support.mozilla.org/en-US/kb/private-browsing-use-fi... Chrome: https://support.google.com/chrome/answer/95464 https://support.google.com/chrome/answer/95464 Edge: https://support.microsoft.com/en-us/microsoft-edge/browse-inprivate-in-microsoft-edge-e6f47704-340c-7d4f-b00d-d0cf35aa1fcc https://support.microsoft.com/en-us/microsoft-edge/browse-in... Safari: https://support.apple.com/guide/safari/use-private-browsing-ibrw1069/mac https://support.apple.com/guide/safari/use-private-browsing-...
  - lobocinza 5y ago
    Thanks but who does not know about incognito mode? :) It's not a big deal, I just have to clear/remove cookies for just that site. I though it wouldn't work in incognito mode because theoretically it would require access to my client certificate which I believe wouldn't/shouldn't work in a private window. Anyway I tried and it worked because the site is not using it in the end.
    - KronisLV 5y ago