Leslie Ackerman is a Business Educator at the Alternatives Federal Credit Union based in Ithaca, New York. The is the director of "Business CENTS" which is a small business development program offering a "how to" business training course, seminars, one-on-one business counseling and marketing support for people interested in starting or expanding a business.
When you're self-employed, you're not getting a paycheck from someone else, so that social security is not being taken out. So instead at the end of the year when you file your income tax return, you pay your social security then in the form of what's called self-employment tax. So if that's a con...(Full transcript available to logged in subscribers.).
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