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Taxes and self employment
I do some freelance graphic design on the side. Usually they are one time projects to help others out. It's not something regular either. Last project I did I only did about 2 hours of work and got less than $100.
My question is at what point should you start taking taxes out? Is it after how many hours you do or if you make over a certain amount of money in a month? I ask because I may have another project coming up soon that may pay me a little bit more because there is a lot more involved.
And what else is involved in saying that you are "self-employed" on your tax forms? Since I just started this, I want to make sure I don't mess anything up.
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