I am thinking about starting my own baking business. Not opening a bakery, but working from my home. (I know the pieces and parts of licensing, etc. for that.) Along with that, I am considering picking up some online tutoring work.

Both of these would leave me without someone deducting FICA, federal, state and local income taxes. That’s a big piece I need to know more about. We do have an accountant, who also teaches tax law, so I plan to make an appointment with him. However, I would appreciate any information or resources that you care to share.

I have a couple of thought about how to market the baking business, but am open to suggestions.

I’m also interested to know about the pitfalls that you – or someone you know – have encountered in these two types of employment.

Topics: business, work, marketing, taxes, small business, employment, self-employment