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A blog to help freelancers with taxes - Collective

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Resources / Authors / Hooman Radfar

Author

Hooman Radfar

Hooman Radfar co-founded Collective to give self-employed business owners the same back-office support larger companies take for granted. Before Collective, he co-founded AddThis, a web engagement platform later acquired by Oracle, and worked as a partner at Expa, a venture firm focused on early-stage founders. His work has been covered by The Wall Street Journal and Fast Company.

Articles published
8
Topic covered
1
Last published
Oct 2026
Hooman Radfar

What Hooman covers

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News 8 articles

All articles by Hooman

Blog

A New Era of Entrepreneurship

We built Collective with a singular belief – people who work for themselves deserve the same financial capabilities…

Oct 29, 2026 · 3 min read
Blog

Collective Launches Insurance Center, Expanding Its All-in-One Platform for the Self-Employed

SAN FRANCISCO, CA — July 22, 2026 — Collective, the all-in-one financial platform built exclusively for self-employed entrepreneurs,…

Jul 22, 2026 · 3 min read
Blog

Collective Welcomes Open Ledger

Today, we’re excited to share that Collective has acquired Open Ledger. When we started Collective, we were driven…

Apr 22, 2026 · 2 min read
Blog

Introducing Collective Accounting: The first AI-powered accounting suite for solopreneurs

Today, we’re excited to announce the launch of Collective Accounting, the first AI-powered, integrated accounting suite, designed for…

Mar 14, 2024 · 4 min read
Blog

Collective Raises $50M to Become First AI-Powered Finance Platform Designed for Solopreneurs

Three years ago, we launched Collective with the mission to empower Businesses-of-One with the technology and team that…

Jul 11, 2023 · 2 min read
Blog

Collective Across the Country

At Collective, our mission is to enable Businesses-of-One to become more financially successful by giving them time to…

Jan 30, 2023 · 2 min read
Blog

Announcing Collective $20M Series A to Support the Rise of Businesses-of-One

We launched Collective to the world in September 2020, introducing the first online, back-office platform crafted for businesses-of-one.…

May 12, 2021 · 3 min read
Blog

Alone, but Together – We are Collective

Hooman Radfar is a serial entrepreneur, investor, and the co-founder and CEO of Collective. Hooman co-founded Collective alongside Ugur…

Sep 29, 2020 · 3 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.

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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.

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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.

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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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