Small Business & Self-Employment Terms

Small business and self-employment terms cover the financial life of working for yourself: entity choices, self-employment taxes, retirement plans built for business owners, contractor-versus-employee distinctions, and the bookkeeping vocabulary that comes with a Schedule C.

Self-employment moves you from having taxes and benefits handled for you to handling them yourself, and the vocabulary shift is the hard part. These definitions explain each term’s mechanics and the compliance obligations attached, with the numbers worked through.

1 term published

Irregular Income Budgeting
Irregular income budgeting is a set of techniques for managing money when your pay varies month to month — freelancing, commissions, seasonal work, or self-employment — usually by paying yourself a steady "salary" from a buffer account.

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Small Business & Self-Employment Terms

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