It’s a DIY world out there, with many small-business owners handling much of the work that bigger corporations outsource. If you’ve ever made your own social media video go viral, you know there’s nothing you can’t do if you put your mind to it. But what about taxes? Does it make sense for you to […]
Tax Tips
5 Self-Employed Tax Mistakes that Cost You Big Time
Raise your hand if you’d rather host a luncheon with Pennywise the clown than deal with your self-employed taxes. *All freelancers raise hands* Not only are taxes super stressful, but they’re also way more terrifying than a sketchy clown hanging out inside of a sewer. With taxes, you don’t know what you don’t know, which […]
What You Need to Know About the 2020 Tax Deadline Extension
They say the only two things certain in life are death and taxes. Amid the coronavirus pandemic, taxes are still a certainty—but with a slight delay. On March 20, 2020, the Secretary of the Treasury announced a major change to the tax deadlines. Taxpayers can now file and submit payments for their 2019 taxes without […]
7 Things You Need to Do to Prepare for Your Freelance Taxes
It’s tax season, and you know what that means: doomsday is upon us! The earth is cracking, fire rains down from the sky, and you actually have to finish your bookkeeping. Okay, maybe I’m exaggerating. But most freelancers do feel like tax season is the most stressful time of year, especially when it comes to […]
10 Tax Deductions that Every Freelance Designer Needs to Know
If freelancing were the wizarding world, tax deductions would be the Hermione of your business- unappreciated but totally badass, not to mention crucial in defeating Voldemort, aka your taxes. Like Hermione, most people think tax deductions are boring, stuffy, and a buzzkill, but tax deductions are your number one defense against a huge tax bill. […]
How to File your Freelance Taxes (and Save Money)
You’re a freelancer, getting stuff done, capturing new leads, and even finding time to post the occasional selfie on Instagram. You’re totally focused on growing your business when—bam!—it’s tax season. You don’t even have time to respond to client emails, and now you also have to do your taxes. That’s seriously the last thing you […]