Working as an independent finance professional (IFP) means the government will view you as self-employed, even if you work for an employer during the day and work as an independent finance professional in the evening.
As a finance professional, you already know that there are tax obligations for every form of work. Let’s dive in.
Employers’ tax responsibilities
Along with ensuring that all employees are provided the necessary tax forms, employers’ tax responsibilities include:
Withholding federal taxes, including Social Security