What You Need To Know About Freelance Taxes (And Why We Recommend Accountants)
With great freedom (read: flexible time, location independence, being your own boss) comes great responsibility. And if you’reworking as a freelancer, one of those forms of responsibility is taxes. Now, the main perk of working for yourself is that you earn all of the income derived from your work. But, you still need to pay taxes on all income. Plus, you’re a business (albeit, a one-person one), which means there are taxes to pay for that too. If all of this seems overwhelming, don’t feel bad. Tax laws are complicated across the board, and it’s not something that’s commonly discussed or taught. Most people don’t fully understand taxes without an accountant or software to help. Your first time doing taxes as a freelancer might be tricky but if you get a…
