Freelance Finance

Mire and I used to sweat out the tax season, living in fear that our accountant’s verdict would throw us in debt for years to come. But we don’t fear tax season anymore. Why? Because we’ve starting doing something many freelancers don’t, namely, save to pay our taxes. While not as glamorous as saving for [...]

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The newly self-employed often don’t realize that they must pay their own taxes—in the form of “estimated” taxes—because they don’t have an employer who automatically deducts taxes from each paycheck for them. How to do it simply: Find an accountant who handles self-employed people, and have him or her figure out what percentage you need [...]

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