May 27, 2008 – 11:05 pm
Understanding Automobile and Home Office Deductions - A Guide for Self Employed Freelancers
Taxpayers in the United States are allowed to itemize certain deductions from a specific list of allowable items from the IRS, and thus subtract those itemized deductions from their Adjusted Gross Income (AGI) amount to arrive at an appropriate taxable income amount. Deductions [...]
March 4, 2008 – 1:48 pm
The Invoice is an important part of any type of business out there, including for the freelancer as well. The basic definition of an invoice is a detailed list of goods shipped or services rendered with an accounting of all costs included in the document. As a freelancer, we might not feel comfortable dealing with invoices or money in general. The links below offer a vast variety of online invoicing and billing tools for the freelancer in all business types.
July 11, 2007 – 11:11 pm
Keeping Track Of Your Freelance Expenses
When it came to tax time this past year, did you take one glance at the history of your freelance business and decide that you weren’t going to deduct any expenses because it would take to long to figure out what they were? Keeping track of your expenses all [...]
April 5, 2007 – 11:50 am
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IS YOUR FREELANCE WORK A BUSINESS OR A HOBBY?
It’s come time again to do your taxes and you’ve discovered a pleasant surprise which turns out to be something of a mixed blessing. Although the bulk of your income comes from your “regular” job, when you sat down to look at what you earned this past [...]
March 29, 2007 – 9:09 pm
Taxes and Deductions for the Self-Employed
Tax time is one of the worst times of the year for freelancers. There is a strange fluctuation of work at this time, depending on the nature of the freelance work that you do; many freelancers experience either a surge in work or a drought at this time. The former [...]
March 28, 2007 – 8:17 pm
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Ugh, it’s that dreaded time of year again. April 15th is closing in, taxes must be done, and you (along with most other freelancers in the country) are trying to figure out just where to start. You know that you had income coming in, although you’re not quite sure if you know how much or [...]
