• Skip to primary navigation
  • Skip to main content
Collective

Collective

A blog to help freelancers with taxes - Collective

What we offer

Business setup Form your business the right way Accounting Expert approved, powered by AI Invoicing Get paid faster, without the busywork Payroll Payroll made simple for S Corps Taxes Stress-free taxes for solopreneurs Business insurance Coverage for your business Health insurance Instant and affordable health coverage Support Human expertise + AI speed
Pricing Customers
About us Partnerships Careers We're hiring! Press
Blog Newsletter Webinars

Free tools

S Corp tax savings calculator Estimated tax & extension calculator Tax calendar S Corp admin cost calculator Freelance rate calculator Bill rate calculator
See all free tools →
Login
Business setup Accounting Invoicing Payroll Taxes Business insurance Health insurance Support
Pricing
Customers
About us Partnerships Careers We're hiring! Press
Blog Newsletter Webinars S Corp tax savings calculator Estimated tax & extension calculator Tax calendar S Corp admin cost calculator Freelance rate calculator Bill rate calculator See all free tools
Login

Small Business Hacks

Blog

Unlocking the Zone of Genius: What the Right Support Actually Looks Like for Solopreneurs

Running a business alone means wearing every hat, all the time. The invoicing hat, the marketing hat, the…

Aug 10, 2026 · 4 min read
Blog

The S Corp Owner’s Mid-Year Check-In: Is Your Structure Doing What It Should?

If you’re running your business under an S Corp election, mid-year is a worthwhile moment to make sure…

Jun 11, 2026 · 5 min read
Blog

The Sole Proprietor’s Mid-Year Check-In: Is Your Setup Still Working for You?

Most people who start working for themselves don’t sit down and choose a business structure. They start taking…

Jun 11, 2026 · 6 min read
Blog

Self-Employed Retirement Plan Limits Just Changed for 2026: Here’s What’s New

The IRS adjusts retirement plan contribution limits most years, and 2026 brings increases across nearly every account type…

Jun 10, 2026 · 7 min read
Blog

Self-Employed Retirement Plans: 2025 Contribution Limits and Your Best Options

When you work for yourself, no one is automatically setting aside money for your retirement. That responsibility lands…

Jun 10, 2026 · 4 min read
Blog

Your LLC Turns One. Here’s What to Do Next.

One year in means something. You have real income, real expenses, and at least one tax season behind…

May 20, 2026 · 6 min read
Blog

Business Expenses for Social Media Influencers

We LOVE our members that are crushing it as social media influencers. One common area of discussion is…

Dec 10, 2024 · 5 min read
Blog

Meal and Entertainment Deductions

Business meals are a common expense, but what is tax deductible can be tricky to understand. Also, now…

Dec 10, 2024 · 3 min read
Blog

Differences Between Employee and Independent Contractor

If you’re a business owner, you’ll likely come to a point where you need help. Whether you need…

Mar 20, 2024 · 6 min read
Blog

Should I Hire a 1099 Contractor or W-2 Employee?

As your business expands, you might need more help than your current capacity allows. When considering hiring additional…

Mar 13, 2024 · 6 min read
Blog

 How to Build Business Credit

Most people are familiar with the concept of credit scores. Major credit bureaus track your interactions with credit…

Mar 4, 2024 · 5 min read
Blog

How To Handle Business Inventory

If your business carries inventory, effective inventory management is critical. Whether you’re running a food truck that needs…

Feb 20, 2024 · 7 min read
12…5Next page
Showing 12 of 58

We’re glad you’re here!

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.

W2 employees are people on your payroll

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.

Don't count yourself (even if you pay yourself a salary) or 1099 contractors and freelancers.

I agree to Collective Terms of Service & Privacy Policy. Additionally, by providing phone number to continue, I agree to receive calls, incl. autodialed or prerecorded sales calls, from Collective.

Collective logo

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.

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.

Products

  • Business setup
  • Accounting
  • Invoicing
  • Payroll
  • Taxes
  • Business insurance
  • Health insurance
  • Support
  • Late S Corp election

Company

  • Home
  • Pricing
  • About us
  • Careers
  • Contact us
  • Partnerships

Resources

  • Blog
  • Guides
  • Help center
  • Testimonials
  • Press
  • Create with us

Legal/Support

  • FAQ
  • Terms of service
  • Privacy policy
  • Security policy

Compare

  • Compare all
  • Collective vs Lettuce
  • Collective vs LegalZoom
  • Collective vs TurboTax
  • Collective vs ZenBusiness

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.

© 2026 Collective Hub, Inc. All rights reserved