Freelance Taxes

Out of context: Reply #16

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• skelly_b0

  Keeping your business account separate is a must. It makes accounting at the end of the year much easier. Don't be afraid to spend on business expenses. If you do you 're spending pre-tax dollars, whatever is left-over is what the Gov is going to rake. As MrBee points out we get to pay those extra taxes that employers normally pay. But having pre-tax dollars is a much bigger benefit, since the Gov gets at an employees money before anyone else.

  And yes, I also would consider an accountant a must. It makes thing much easier. You just have to worry about a little bookkeeping throughout the year. Money well spent... and it is write-off.

  skelly_b 0Permalink

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  • personal note to skelly_b: one week and I'll 'be home'. :)PonyBoy
  • Nice! Drop me a line when you get in town. And bring a coat, getting chilly.skelly_b

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