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tax-tips-for-the-self-employed-massage-therapist

Tax Tips For The Self-Employed Massage Therapist

Tax Tips For The Self-Employed Massage Therapist   We all know tax preparation for massage practitioners can be complex. Here are some tax tips for self-employed massage therapists to make filing simpler. Above all, you may find it easier to file your own taxes or seek a tax professional for assistance.   Licensed massage therapists (LMT’s) are either employed by a company or self-employed contractors and are responsible for withholding. Being self-employed you need to send in quarterly withholding payments for Social Security, Medicare, and income tax on wages received.   Read on to discover...

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tax-preparation

Tax Preparation for Massage Therapists

Tax preparation for massage therapists is an important task that should be included yearly, as well as, daily in one’s massage business. Massage therapy is practiced all over the world as an art of healing ailments since ancient times. In most states, a licensed massage therapist, whether self-employed or as a full-time or part-time employee, receives income that is required to be taxed. So as per the income tax rules, a massage therapist is liable for filing their tax return yearly after making eligible deductions as per tax code.   Here are...

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