Endia Kirkpatrick, MSA-Tax- In Progress Tax & Financial Education

Endia Kirkpatrick, MSA-Tax- In Progress Tax & Financial Education Master’s in Accounting – Taxation (MSA-Tax) Candidate | Future CPA
Sharing tax education, financial literacy, and lessons from my journey into the profession.

Building intentionally. North Carolina 📍

07/24/2026

What is self-employment tax, and how is it calculated? 💼💸

When you work for yourself, taxes are not automatically withheld from your pay like they usually are for a W-2 employee.

Self-employment tax helps cover Social Security and Medicare. The combined rate is generally 15.3%, but it is not simply applied to every dollar your business collects. It is generally calculated using 92.35% of your net earnings, meaning your business income after allowable business expenses.

Here is the basic idea:

💰 Business income
➖ Allowable business expenses
🟰 Net profit

Your self-employment tax is then calculated using your applicable net earnings. And remember: self-employment tax is separate from regular federal income tax.

This is why independent contractors and small-business owners may owe more than expected when they do not plan ahead. 😮😵‍💫

📌 Track your income
📌 Keep your receipts
📌 Record your expenses
📌 Set money aside for taxes

Read the full article on: www.endiataxedu.com

1099-NEC vs. 1099-K: What’s the difference? 💸📄Here’s the easiest way to remember it:👤 1099-NEC: Usually reports money a ...
07/24/2026

1099-NEC vs. 1099-K: What’s the difference? 💸📄
Here’s the easiest way to remember it:

👤 1099-NEC: Usually reports money a business paid you directly for services as an independent contractor.

📲 1099-K: Usually reports payments processed through credit cards, payment apps, or online marketplaces.

You may receive both forms if they represent different payments. But the same income generally should not be counted twice. 👀

And remember: not receiving a form does not automatically mean the income is tax-free.

Know what you earned, how you were paid, and keep accurate records. ✅

www.endiataxedu.com⁠

Payment apps are not invisible. 👀💸If you receive money through Cash App, Venmo, or PayPal for business, side-hustle work...
07/24/2026

Payment apps are not invisible. 👀💸
If you receive money through Cash App, Venmo, or PayPal for business, side-hustle work, products, or services, that income may need to be reported.

No 1099 does not always mean no taxable income. That little myth has people walking straight into tax problems with misinformed confidence. 🫣

Personal payments are different, but business payments need records.

✅ Track your income
✅ Save receipts
✅ Separate business and personal payments
✅ Keep notes throughout the year

Tax season is not the time to start guessing. 📌
www.endiataxedu.com⁠

07/22/2026

Me, after finishing two hard exams and now switching over to the EA exams.

07/15/2026

My quick trip inside of Trader Joe's, lol

Accountants don’t really have a “deadline season.” We have a deadline lifestyle. 😂 You finish one deadline, take half a ...
07/13/2026

Accountants don’t really have a “deadline season.” We have a deadline lifestyle. 😂 You finish one deadline, take half a breath, and another one creeps up behind you like, “Miss me?” Apparently peace, rest, and uninterrupted lunch breaks were removed from the profession during orientation. 📊📅

07/06/2026

October may seem far away, but tax deadlines have a way of sneaking up fast. 📌

This is your reminder to start getting organized now — not when the deadline is right in front of you.

Gather your documents.
Review your income.
Track your expenses.
Check what may be missing.

And to help you stay tax-ready, I have a free Tax Resource Library available on my website, including:

✅ Tax Deadline Calendar
✅ 1099 Income Checklist
✅ Expense Tracker
✅ Tax Document Checklist

Visit www.endiataxedu.com to access the free resources.

Stay ready so you don’t have to rush later.

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PO Box 3124
Charlotte, NC
28278

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