Self-Employed or Freelance? You Likely Need To Pay Estimated Taxes — Here’s What You Should Know

Self-Employed or Freelance? You Likely Need To Pay Estimated Taxes

Ground Picture/Shutterstock The tax system operates on a “pay-as-you-go” basis. If your taxes aren’t being withheld from your income, the IRS expects you to pay estimated taxes four times a year, usually in January, April, June, and September. If you work full-time for an employer, your company typically withholds federal taxes from your paycheck. But […]

Continue Reading
Don’t make these financial mistakes with your side hustle

Don’t Make These Financial Mistakes With Your Side Hustle

NerdWallet If you have a job and a side gig, avoid these common pitfalls. Whatever your side hustle, make sure you have a plan for the money. This feature is powered by text-to-speech technology. Want to see it on more articles? Give your feedback below or email [email protected] . This article is reprinted by permission […]

Continue Reading
A musician’s guide to sustainable freelancing

A Musician’s Guide To Sustainable Freelancing

Photo by Chris Ainsworth Careers in the music industry are often maintained through freelance and self-employed roles. Just 10% of working musicians are in salaried full-time employment , making the industry an increasingly competitive space for grassroots artists. Whether you’re only just starting out as a performing musician or supporting someone who is, it’s important […]

Continue Reading
Going Freelance in 2023? 3 Important Tax Moves to Make

Going Freelance in 2023? 3 Important Tax Moves to Make

Image source: Getty Images All of these need a place on your list. Key points Freelancers need to pay estimated taxes, so it’s important to keep money in savings to pay those bills. Freelancers can deduct business expenses, so you’ll need solid records of what yours entail. Freelancers can often benefit from the help of […]

Continue Reading
Here's How a New Law Can Help Freelancers Save for Retirement

Here’s How a New Law Can Help Freelancers Save for Retirement

Image source: Getty Images This law could help you put money aside for your future. Key points The Secure 2.0 Act aims to help everybody save more for their retirement. One provision, called the Saver’s Match, could be of particular use to freelancers. Find out what tax advantaged account would suit your needs best, whatever […]

Continue Reading