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 […]
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1 of 7 Photos in Gallery ©DisobeyArt / Shutterstock.com If you made extra income on the side last year, such as by selling an amazing piece of artwork or walking your neighbor’s dog, then you are one of the more than 58 million gig workers, freelancers and other self-employed workers in the United States. Just […]
Continue ReadingWith just under a month left to file taxes, Cheddar News is keying in on freelance workers and wants to provide some tips so those Americans maximize either their refunds or what they have to pay back to the IRS. Matthew Frankel, CFP and writer at the Motley Fool, joined Cheddar News to dish some […]
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The world of freelancing can be a beautiful one. A flexible schedule, freedom to take on the type of work you want, and the autonomy to set your own rates are some of the most attractive aspects of life as a freelancer. However, as freeing as the style of work can, certain administrative complications can […]
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In this episode of In The Know’s Getting Rich, financial expert Carmen Perez chats with certified financial planner Brittney Castro on everything freelancers should know about the gig economy. The gig economy refers to freelancers, contractors or anyone with a specialized skill set including graphic design, home repairs and web development. But freelancers have to […]
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Advertiser Disclosure: At Slickdeals, we work hard to find the best deals. Some products in our articles are from partners who may provide us with compensation, but this doesn’t change our opinions. Working as a freelancer can give you the chance to do what you love and the flexibility to balance your work with the […]
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Setting Up Your Finances as a Freelancer If you are new to the world of freelancing, you probably do not have much experience in managing your finances. You will need to consider taxes, among other factors. How you manage your finances will impact how you succeed as a freelancer, no matter the type of work […]
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Gig workers represented 35% of the U.S. workforce in 2020, up from 14% to 20% in 2014, according to Forbes. “After being laid off or unable to work their normal jobs due to the pandemic, many people worked as independent contractors with food delivery services, companies that provide online tutoring or as virtual assistants,” says […]
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A career path that is become increasingly popular in many industries is freelance. Being a freelancer comes with many benefits that might suit you personally, but there are some easy mistakes you can make along the way if you are new to it all. Here are some common mistakes freelancers make. Forgetting About Taxes When […]
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This spring, taxpayers will file their first returns since Congress overhauled the tax code a little over a year ago. Freelancers could find a lot to cheer. One of the 2017 Tax Cuts and Jobs Act’s biggest perks is a new 20% deduction on so-called pass-through, or qualified business, income available to anyone who is […]
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