• 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

Accounting

Accounting

Accounting and Tax Guide for Doctors

A tax guide for doctors who earn on their own: self-employment tax, S Corp math, estimated payments, deductions,…

Oct 15, 2026 · 9 min read
Accounting

Bookkeeping & Accounting for Therapists: A Complete Guide

Bookkeeping for therapists, simplified: track insurance and self-pay income, organize practice expenses, protect client privacy, and know when…

Oct 13, 2026 · 9 min read
Accounting

Accounting for Content Creators: Taxes, Bookkeeping & CPA Tips

Accounting for content creators made simple: track every income stream, record gross payouts, run a monthly routine, and…

Oct 13, 2026 · 8 min read
Accounting

Shareholder Distributions for Sole S Corp Owners

What to know A shareholder distribution is a way to take funds out of your business without incurring…

Dec 10, 2024 · 2 min read
Accounting

Guide to Self-Employed Hairstylist Taxes

How do Self-Employed Hairstylists File Taxes? You’re a hairstylist or barber who decided to pursue the freedom of…

Feb 5, 2024 · 9 min read
Accounting

When to Hire a CPA

Navigating the Financial Landscape: When Should You Hire a CPA? In today’s dynamic and ever-evolving financial landscape, the…

Aug 29, 2023 · 5 min read
Accounting

Balance Sheet vs Income Statement: Differences Explained (Finally)

As a Business-of-One, you have many, many hats to wear. Some of your duties are made up of…

Oct 13, 2021 · 7 min read
Accounting

How to Calculate Net Income

Knowing your business’s net income is vital to understanding the financial health of your business — and it’s…

Jul 28, 2021 · 7 min read

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