Smart solutions that will help freelancers with invoicing, payment, and contracting solutions to empower their freelance businesses.
The most important thing to consider is to understand the income rates in your field. So extrapolating the most recent data points should let us estimate how much freelancers will make in 2021. With that in mind, we’ve put together a list to help you know how much freelancers can earn along the way.
According to the IRS, someone self-employed should be treated as independent contractors if they are in business for themselves.
A legally binding contract clearly states the payment terms and obligations. A mutual understanding of expectations benefits everyone, as it helps avoid costly misunderstandings once the project has begun.
Freelancers often find themselves frustrated by the need to create invoices. It takes time away from the work they like to be doing, and it’s not always clear how to price their work.
What Tax Forms Do You Need for Self-Employment?Being a self-employed freelancer is the dream of many people. However, the dream might turn into a nightmare if you don't have sufficient knowledge about how to pay or deduct your taxes. Especially, understanding which tax forms you should fill according to
Can self-employed file for unemployment?Until recently, people who identified themselves as self-employed couldn't collect unemployment benefits. After the COVID-19 pandemic, the CARES Act was passed by Congress to respond to the pandemic and ease its negative impacts on the economy. Currently, self-employed people can now receive unemployment benefits if
Is self-employment tax deductible?It's not fun to pay taxes, but if you are a freelancer, you are lucky since you can deduct some of your taxes by claiming certain tax deductions. There are exclusive tax breaks for the freelancers that you can take advantage of. Self-employment tax deductions are
How to File Taxes as a Freelancer?It is excellent that you have now decided to be your boss! Choosing to be a freelancer can sound risky to some people, but we are sure it is 'freedom' to your ears. Although freedom sounds good, you still have some obligations to