Start your business off right with our top 5 tips for new freelancers!
Congrats! You've finally shed the confines of traditional 9-5 corporate living and have decided to embark on your own occupational journey as a freelancer. Being a freelancer opens up a whole new world of opportunity for you, both personally and professionally, as it allows you to control your hours, set your schedule, and do the work you love to do.
But, as a new freelancer, it can be tricky to navigate the world of owning a business, working through the murky tax code, and getting ourself organized. That's where we come in.
Whether you're new to the world of self employment or you've been living large in the gig economy for some time, we've got our top ten five to make the most out of your freelance business right here...
To read more, check out the full article on Freelance Finance.
Whether you're new to freelancing or you've had a sole proprietorship for years, when you own your own business, you take on a whole new assortment of responsibilities when it comes to tax time. One of the most common questions we get from new freelancers is: What is the self employment tax?
The self employment tax (SE tax) is the fee that you pay to the federal government to cover the cost of social security and medicare when you're self employed.
For many people, the self employment tax comes as a surprise, as it's not something you're used to paying when you work for someone else. Unfortunately, there's also a lot of misinformation out there about taxes for freelancers, which is why we're here to help clear the air...
To read more, check out the full post on Freelance Finance.