who pays taxes?
who pays taxes?
Out of context: Reply #16
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- e-pill0
OSFA-
as a freelancer you need to take out 40% of your earnings and keep that money in a savvings and dont touch it. the amount taken out is higher than it should but this percentage works great when you need to estimate you are actually over paying taxes [you get the money back] its better to over estimate your earnings than under which leads to being penalized.
TheBlueOne-
you can charge tax to the client by applying for a Tax ID Number.just as you pay tax on clothing you can charge tax on your work, though highly not reconmended to annoy the client with such issues as you can then lose the client. but i have seen some people that do charge tax for their work.