Taxes For Independent Contractors

If you work from home as an independent contractor, the rule of thumb is to at least put 30% of your check aside every pay. You can open up another bank account and if you have direct deposit, just simply get 30% deposited into your other account and do not touch it. If you start this as soon as you are hired, you will never miss it. It is better to do this early than to wait until the last minute when it is time to pay back Uncle Sam.