Collective Blog – A blog to help freelancers with taxes

How to Setup an LLC for an Online Business

Congratulations, you’ve decided to start a business! No matter where you start your business, one of the most important actions you can take is to set up an LLC for your business. There are plenty of business entities, but for online businesses, the simplest is an LLC — there are different types of LLCs to […]

Should you start an LLC or S Corp? Here’s How to Decide

When you’re starting a new business or taking steps to register with your state, you have a big decision to make: should you start an LLC or an S Corp? Both LLCs and S Corps provide significant legal and financial benefits. Depending on your income, however, the right choice could easily save you thousands of […]

6 LLC Setup Mistakes (and how to avoid them)

When you’re starting a new business, it can feel both exciting and overwhelming. Sure, there’s many aspects to becoming a business owner you can learn along the way. Others, like setting up an LLC, is something you can’t afford to mess up — it can cost you both in lost time and money. As you’re […]

5 Things You Should Know Before Going Self-Employed Full Time

In 2017, I quit my salaried job to become a full-time freelancer and never looked back. Since then, freelance has become more than just a career – it’s become a way of life. And I never miss an opportunity to preach the freelance gospel whenever given the chance. Luckily for me, when meeting new friends […]

The Financial Identities Framework: Four Indispensable Personal Financial Identities To Help You Increase Your Chances of Success

In the first article in this series, we discussed why it’s important to embrace your own financial identity as an entrepreneur in order to be successful. Now, I’m going to offer a primer on the Financial Identities Framework I developed through the Certified Holistic Wealth TM Consultant Program and offered through the Keisha Blair Institute […]

7 Best Podcasts to Level Up Your Mindset as a Business-of-One

Raise your hand if you’re a freelancer or solo business owner who has got it all together and knows how to psych yourself up. As someone who didn’t raise her hand, I know I’m not alone in my struggle. Think about it: you’re constantly juggling all the day to day stuff in your business. It’s […]

Tax Tips

Should I Pay Someone to Do My Self-Employed Taxes? Here’s How to Know

5 Self-Employed Tax Mistakes that Cost You Big Time

What You Need to Know About the 2020 Tax Deadline Extension

7 Things You Need to Do to Prepare for Your Freelance Taxes

10 Tax Deductions that Every Freelance Designer Needs to Know

How to File your Freelance Taxes (and Save Money)

Are You Sure You’re Legally a Freelancer?

Six Pro Tips for Freelancers to Save Big on Taxes

How an S Corp Could Save You $5,000 (or more) on Your Freelance Taxes

The Ultimate Guide to Getting Your Freelance Taxes Right

Bookkeeping

How to Write Off Your S Corp Mileage using QuickBooks Online

The Best Payroll Provider for Freelancers

5 Ways to Organize your Money with QuickBooks Online

What Every Freelancer Should Know About Bookkeeping

Setup Your Business

Collective makes setting up and running your freelancing business simple and affordable while saving you some serious money on taxes. See how much you could save with Collective.

Estimate Your Tax Savings

Business Setup

How to Setup an LLC for an Online Business

Should you start an LLC or S Corp? Here’s How to Decide

6 LLC Setup Mistakes (and how to avoid them)

Self-Employed and Moving to a New State? Here’s What You Need to Know

Here’s How Starting an S Corp Leveled Up my Online Business

LLC vs S Corp- Which is the best for freelancers?

When is the best time to switch to an S Corp?

Can you afford to be an S Corp?

Why are you still a sole proprietor? It’s time to switch

Started an LLC? These Are the Most Important Things to Do First

12 Mistakes to Avoid When Starting a New Business

Business Entities for Freelancers: Which One Is the Best?

Getting an EIN is Easier Than You Think- Here’s How

Everything You Need to Know about Registered Agents

Money Management

9 Reflection Questions to Help Your Business Level Up Next Year

How the 80/20 Rule Helped me 3x my Revenue in Less than a Year

How to Create an Authentic Budget for Your Business

Create a Better Business Using Values-Based Spending

Level Up Your Freelance Finances with These Expert Tips

How to Pay Yourself When You’re a Freelancer

How to Pay Yourself from an S Corp the Right Way

How to Open a Business Bank Account for Your New Business

Small Business Hacks

5 Things You Should Know Before Going Self-Employed Full Time

The Financial Identities Framework: Four Indispensable Personal Financial Identities To Help You Increase Your Chances of Success

7 Best Podcasts to Level Up Your Mindset as a Business-of-One

5 steps to navigating every freelancer’s worst nightmare: A bad client

3 Signs that You’d Make a Better Entrepreneur than Employee

Community Spotlight

Matthew Silverman on learning to say no

Brigid Shivers on starting a business during COVID

Joshua Plicque on viewing failure and adversity as feedback

Jinnie Lee Schmid on outsourcing to create forward traction

Camille Tintle on designing a business on her terms

Reece Young on operating on a shoestring budget

Morgan Overholt on ignoring the haters

Will Tams on keeping your dream and fire alive

Jason Yormark on taking control of his own destiny

Melissa Nunes Walker on going from corporate America to home designer

Estimate your tax savings

With Collective, freelancers save an average of $16,845 or more in taxes every year. Plus they never have to worry about the legal or tax side of running their business. See how much you could save with Collective.

Estimate Your Tax Savings

* Based on average estimated tax savings of active Collective users with over $80,000 net revenue in 2019 ($12,217) and potential savings declared by Intuit Quickbooks TY17 US subscribers that have identified >$10,000 in income and >$0 in business expenses ($4,628)