Gil's Business Tax Services is a tax preparation, bookkeeping with packaging, shipping and notary services located at 1534 Sebastopol Rd. Santa Rosa, CA 95407.

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Self-Employment Tax
The self-employment tax rate on net earnings remains the same for 2008. This rate, 15.3%, is a total of 12.4% for social security (old-age, survivors, and disability insurance) and 2.9% for Medicare (hospital insurance).

Standard Mileage Rate
The standard mileage rate for the cost of operating your car, van, pickup, or panel truck for your business is 50.5 cents a mile for all business miles driven.

Self-Employment Tax

Bookkeeping

Remember if you own or operate your own business as a sole proprietor, jointly with your spouse or as a partnership. You must pay SE tax of your income.



Estimated Self-Employment Tax

If you are self-employed you must make your own tax payments. These payments are called estimated taxes. Self-employment tax is paid by making quarterly estimated tax payments on Form 1040-ES Estimated Tax for Individuals Electronic Filing Program.


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