How (and when) to raise your rates as a freelancer
Asking for a raise is often a scary proposition, for both salaried employees and freelancers alike. Some of us suffer from a bad case of imposter syndrome and worry that we just aren’t good enough or are undeserving. For others, it’s a fear of rejection. Sometimes it’s the discomfort talking about money in general – […]
Lessons on Success From Three Resilient Black Entrepreneurs
This Black History Month will be unprecedented and represents history in the making. It’s the Black History Month celebration that follows a community that is still being ravaged by COVID-19. Numerous commentators have compared the events of the race riots in the summer of 2020 to uprisings that took place in 125 cities in the […]
14 Self Employed Expenses You Can Write Off On Your Taxes
One of the many perks of self-employment is that you write off business expenses on your taxes — I mean paying less is a good thing right? Think of tax deductions as doing double duty: these expenses help you run your business like the boss that you are and they save you money (on taxes) […]
The Financial Identities Framework: Tips and Hacks For Success on Your Self-Employed Journey
On your self-employed journey, there may be issues and roadblocks that affect the speed with which you scale your business. Understanding how to harness the strengths and weaknesses of your financial identity can help pinpoint the issues and illuminate what might be slowing you down. In the first and second articles in this series, I […]
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 […]
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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)