Inspiration and advice on leveling up your Business-of-One.
Collective Across the Country
At Collective, our mission is to enable Businesses-of-One to become more financially successful by giving them time to focus on their passion and not their paperwork. It’s a big mission. It will take us a long time to deliver. There are a lot of solo businesses. Like, a LOT. In our first year, we started with just […]
Why Bookkeeping Is Important: The Basics
You may be wondering what bookkeeping is – and how it can help your business, before and during tax season. One thing to know right off the jump: bookkeeping is essential. The first step in many critical business tasks, it allows you to have a better view of your business’ finances at any given time. […]
Tips for Creatives to Overcome Isolation and Loneliness
Being a Business-of-One has plenty of perks (hello having full control over when you work and where you work)! You get to be your own boss and be 100% in charge of the creative direction of your business – and that is empowering! But with so much responsibility on your shoulders, it’s easy to convince […]
How To Use Financial Reports To Run and Scale Your Business
Every month, companies large and small work to compile monthly financial reports – basically the 411 on your business’s money status. Accountants and bookkeepers use the latest business results to generate reports for owners and managers to make the best, most informed decisions, plan for taxes and prepare the business to meet short and long-term […]
How to Choose an Online Bookkeeping Service as a Business-of-One
Running your Business-of-One comes with tons of benefits – and freedom in the way you work. It also comes with some serious business-y responsibilities a lot of us aren’t fully prepared to shoulder. You thought you were finally going to get to be creative or focus on your services or create your products – then you […]
Accounting and bookkeeping for your Business-of-One
As Director of Accounting at Collective, I’m proud to lead a team of accountants whose primary goal is to support the success of your business. And what better way to help you grow your business than by including Bookkeeping within our core offerings. Today, I’m thrilled to announce that all Collective memberships now come with […]
How to Turn a Referral Program Into a Main Source of Income
When I discovered Collective almost three years ago, I had little idea of what an incredible impact it would have on my life. At the time, I was a little over two years into my full-time freelance career. My business was flourishing. But the process of filing taxes and keeping up with my books was […]
How to improve your payments workflow
As a creator, doing the work is often the easy part. Getting paid? Well, that’s an entirely different subject. And where it gets hard. Creating endless invoices, tracking everything in spreadsheets, sending payment reminders to clients, and paying fees just to get your money – it’s exhausting. When you have to operate in every role […]
4 Retirement Savings Options For The Self-Employed
Retirement accounts are important for anyone who wants to retire someday. When you work for a big company or organization, you may have access to a 401(k), 403(b), 457, or similar retirement account, and perhaps an employer contribution. When you run your own solo business, retirement planning is on your shoulders. But that’s not necessarily […]
Want a sustainable business? Try diversifying your income
I’m sure you’ve heard that the average millionaire has 7 streams of income. I know, not EVERYONE dreams of being a millionaire. So, why generate new revenue streams? The more you diversify the ways you get paid, the more money you can make. Why generate more revenue streams? As entrepreneurs, we are hit with many […]
7 Tips for Successfully Hiring Your First Freelancer
Learning how to find and hire the right help to scale my business has been one of the most difficult aspects of my career. Hiring help was never part of the original plan when I launched my small graphic design business in 2017 as a solo freelancer. But just a few months in, I found […]
The Self-Employed Guide to Health Insurance
When you’re self-employed, you don’t have a human resources department to pick your insurance plan. As the boss, it’s up to you to choose your own health insurance and make sure that you and your family, if you have one, are adequately covered for anything from a minor ear infection to a catastrophic illness or […]
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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.
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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)