Working for yourself is full of many perks, but filing taxes isn’t one of them. When tax time comes around, you realize that managing your taxes as a freelancer is a lot more complex than it is for your 9-to-5 colleagues who receive a single W-2 from their employer.
As a freelancer or small business owner, it’s up to you to make sure you correctly report your income, file the right forms, count up your business expenses and have sufficient records in the event you’re audited. But while things can be a lot more complicated, there’s also opportunity: freelancers can write off many of their work-related expenses. Read more…
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