What is the entrepreneur's own responsibility?

Updated

Even though Truster handles bookkeeping and returns, some things are the entrepreneur's own responsibility:

  • Setting the tax rate: Truster does not set a sole proprietor's tax rate. Set it in the app under Tax rate. If no rate is set, no tax is withheld at all.
  • Monitoring income and updating the rate when your income level changes.
  • Submitting materials on time (invoices and receipts).
  • Any separately assigned prepayment taxes are paid by you.

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