BOLINGBROOK, Ill., Nov. 15, 2025 (GLOBE NEWSWIRE) -- When it comes to launching or growing a company, one of the most crucial early decisions any small business owner must make is selecting the right business structure. According to a HelloNation article, this choice has far-reaching consequences for taxes, operations, and long-term planning. Karen Eberhart Metcalfe of Eberhart Accounting Services, PC in Bolingbrook, Illinois, shares her professional insights on the differences between an LLC and an S-Corp, ...

Being your own boss can be rewarding, but one of the drawbacks is that you have to pay self-employment taxes. The self-employment tax is a 15.3% tax you’ll pay for Social Security and Medicare taxes if you’re a small business owner, sole proprietor, independent contractor, or freelancer. When you become self-employed, you’re responsible for calculating and withholding these taxes. If you’re not sure how to calculate the self-employment tax or budget for this expense, you’re in the right place. This artic ...