Browsing Tag

self-employment

10 posts
financial planning
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10 Best Financial Planning Habits for Freelancers and Entrepreneurs

While 48% of new freelancers view freelancing as a long-term career choice, this is only realistic if you have a long-term financial plan. While freelancing comes with advantages, such as flexibility and independence, there are also plenty of drawbacks. You’ll need to cover your own benefits, build an emergency fund and plan around inconsistent income....
tax records
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The Benefits of Keeping Tax Records All Year Round

Although we think of tax season as that period between January 1 and mid-April, it’s an ongoing event. If you shift your perspective when it comes to tax records, you may find that not only is Tax Day less stressful, but so too are estimated tax deadlines throughout the year. Furthermore, you’ll have a better sense...
self-employment
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Navigating Self-Employment Taxes and Income

There are many differences between being self-employed and working for someone else. However, the taxes you owe the federal government aren’t one of them.  If you’re self-employed, you’ll still pay the same income tax as those who earn a living in the form of a paycheck or wage paid by an employer. You’ll still owe...
word of mouth growth
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3 Ways to Boost Your Word-of-Mouth Reputation to Hit Your Growth Goals

Self-employment doesn’t have to mean going it all alone. Customers and friends who support your business might be the most valuable marketing resource you have. And word-of-mouth marketing only gets more powerful when you look at the networks of people online who are happy to tell others about their experience doing business with you. In...
freelance
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How to Successfully Juggle Freelance Gigs as a Full-Time Employee

According to a recent study from TSheets by QuickBooks, 21 million individuals in the United States already have side hustles that they plan to keep going in 2018 and beyond. Data collected by Intuit and Emergent Research reveals that the average gig economy worker spends 11 hours each week focusing on his or her hustle....
freelancer
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8 Things I Learned in My First Year as a Freelancer

Last year I had to unexpectedly kickstart my career as a freelance website designer. I took like a duck to water with some things, while others took a lot more figuring out, as I’d previously been working in an entirely different industry. As it’s my one-year birthday as a freelancer, I thought I’d share these top...
Estimated taxes
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Managing the Challenges of Estimated Taxes as an Entrepreneur

The hardest part of self-employment may well be dealing with estimated taxes. Nothing about the system is straightforward, starting with the fact that payments are not due quarterly. They are due on the 15th of April, June, September and January, which are three, two, three, and four months apart, respectively. It keeps things interesting! How...
Side hustle
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How to Convert Your Side Hustle Into a Full-Time Business

Turning your side hustle into a full-time business often seems like a dream rather than reality. Ultimately, it takes a combination of luck, strategy and motivation to succeed. The average American works for dozens of years before retiring. What if you could take your future into your own hands? Self-employment is not for everyone, but...
Being an entrepreneur
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Preparing for the Unglamorous Side of Being an Entrepreneur

Despite what the media portrays, being an entrepreneur isn’t all glitz and glam. Actually, very little of it is. For every one grand scheme that takes off and flourishes, there are another dozen that will never see the light of day. It’s no secret that 50 percent of new businesses will fail within their first...
Save Money as a Freelancer
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How to Save Money as a Freelancer

Whether you’re working full time or part time as a freelancer, it is more essential than ever to keep track of your finances. Freelancing presents complex tax issues, and in all likelihood, you will be earning less than if you were employed full time. For this reason, it is important to be as organized as possible...