Self-Employment Tax Help is useful at this time of year, as there is still time to course correct if you haven't tabulated your taxes, and more importantly , your deductions . Only half the year has passed, so July is a good month to get your affairs in order. Take advantage of self-employment tax help in 2013 and it will pay off throughout 2014. Being self-employed is a daydream for so many people. Who doesn't fantasize about becoming their own boss? When it comes to work, however, the downside of being the boss is all the obligations that come with it. Unfortunately, calculating and paying taxes are part of these duties. That's why you need self-employment tax help if you're a freelance worker, small business owner or otherwise self-employed. According to the Internal Revenue Service (IRS), you are considered self-employed “if you are in business for yourself, or carry on a trade or business as a sole proprietor or as an independent contractor.” The IRS requires self-employed workers to pay a self-employment tax, which assesses Social Security and Medicare taxes similar to those paid by employees and their companies. The IRS also requires self-employed workers to pay quarterly estimated taxes in lieu of taxes withheld from an employee's wages. employee. These factors make complying with self-employment tax rules more complex than the rules that apply to employed workers: get self-employment tax help that will make it easier for you to do so , below are some tips that provide self-employment tax help: Consult a certified accountant. Even if you plan to do everything yourself, is it better to look for external independent workers... middle of paper... anywhere in your home? Many small business owners have at least one room dedicated to some aspect of their business, whether it's storing shipping materials in the garage or a bedroom converted into an office or storage space. With so many small businesses operating partially or completely out of people's homes, the IRS allows business owners to deduct a percentage of rent, mortgage payments, utilities and maintenance for qualified home offices. However, the IRS has strict requirements for these deductions, so it is best to consult an accountant and find self-employment tax assistance regarding your particular situation. You want to be sure beyond a doubt that your home office is suitable. With these tax tips for self-employed and freelancers, you'll discover all the self-employment tax help you need for the tax year 2014.