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A blog to help freelancers with taxes - Collective

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Resources / Authors / Collective Editorial Team

Author

Collective Editorial Team

The Collective Editorial Team is made up of writers, editors, and subject matter experts covering everything solopreneurs deal with — from tax, bookkeeping, and business formation to marketing, growing revenue, and the everyday realities of running a business solo. The team works closely with self-employed business owners to understand what they're actually navigating, and for technical content, leverages authoritative tax and regulatory sources to keep it accurate and current.

Articles published
84
Topics covered
10
Last published
Oct 2026
Collective Editorial Team

What Collective Editorial Team covers

Browse all topics
Community Spotlight 42 articles Business Formation 16 articles Tax Tips 7 articles

All articles by Collective Editorial Team

Blog

Matthew Silverman on learning to say no

The deets: Name: Matthew Silverman Business Name: Silverman Consulting LLC Follow on LinkedIn Describe your business: I make…

Jan 14, 2021 · 3 min read
Blog

Brigid Shivers on starting a business during COVID

The deets Name: Brigid Shivers, Marketing Specialist and Content Creator Business Name: By Bitsy Co. Follow on Instagram…

Dec 16, 2020 · 3 min read
Blog

New Year, New Features from Collective

It’s December and we’re closing in on the new year, what you might imagine would be the slowest…

Dec 8, 2020 · 3 min read
Blog

Joshua Plicque on viewing failure and adversity as feedback

The deets: Name: Joshua Plicque Business Name: Or Equals Follow on Twitter, LinkedIn and YouTube Describe your business.…

Dec 3, 2020 · 3 min read
Blog

Jinnie Lee Schmid on outsourcing to create forward traction

The deets: Name: Jinnie Lee Schmid Business Name: Change Navigators, LLC Follow on LinkedIn Describe your business. I…

Nov 12, 2020 · 3 min read
Blog

Camille Tintle on designing a business on her terms

The deets: Name: Camille Tintle, Owner Business Name: Tintle Digital Marketing Follow on Facebook Describe your business I…

Oct 22, 2020 · 8 min read
Blog

Reece Young on operating on a shoestring budget

The deets: Name: Reece Young, Owner, Web Designer, Web Developer Business Name: First Class Code Describe your business…

Oct 1, 2020 · 3 min read
Blog

Morgan Overholt on ignoring the haters

The deets: Name: Morgan Overholt, Owner Business Name: Morgan Media LLC and TheSmokies.com LLC Follow on Twitter, Facebook,…

Sep 28, 2020 · 5 min read
Blog

Will Tams on keeping your dream and fire alive

The deets: Name: Will Tams, Founder and Director of Creative Business Name: The Collective Spark Creative Describe your…

Sep 3, 2020 · 6 min read
Blog

Jason Yormark on taking control of his own destiny

The deets: Name: Jason Yormark, CEO Business Name: Socialistics Follow: Facebook, Instagram, Twitter, LinkedIn, and YouTube  Describe your…

Aug 20, 2020 · 2 min read
Blog

Melissa Nunes Walker on going from corporate America to home designer

The deets: Name: Melissa Nunes Walker, Owner/ Principle Business Name: MKB Design & Management Follow: Facebook and Instagram …

Aug 6, 2020 · 4 min read
Blog

How Much Should You Pay Yourself? S Corp Salary Guide for Freelancers

Many Business-of-One owners with an LLC elect S Corp tax treatment because of the potential tax savings. But…

Jan 24, 2019 · 14 min read
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First, tell us about your business

Net profit = Total revenue - total expenses

  1. Find total revenue. Add up all money your business earned from sales of goods or services during the year.
  2. Subtract your expenses. Deduct all business costs like supplies, rent, utilities, software, contractor payments, and loan interest.

An estimate is fine, you don't need exact figures.

W2 employees are people on your payroll

You withhold income tax, Social Security, and Medicare from their paychecks, and they get a W-2 form from you at the end of the year.

Don't count yourself (even if you pay yourself a salary) or 1099 contractors and freelancers.

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We are experts in the unique needs and challenges of self-employed people and know that our confidence gives others confidence, too. Reach out to say hello and join our team.

We are experts in the unique needs and challenges of self-employed people and know that our confidence gives others confidence, too. Reach out to say hello and join our team.

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Collective provides a suite of tools, back-office support, and general information. Our services are not intended as tax, legal, or professional advice.

* Savings estimates reflect the average 2023 federal self-employment (SE) tax savings for Collective members with an S Corp tax election, based on business profits that would've otherwise been subject to SE tax. Actual savings will vary based on individual circumstances.

** Based on data sourced from Shopify blog, QBO Essentials, QBO Live, Gusto, Taxfyle, Intuit "Tax Pro" Research, LegalZoom and JustAnswer.com as of August 2025.

† Individual tax return packages are billed as an annual, one-time add-on fee.

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