The mass appeal of the internet has made many working professionals quit their conventional jobs in favor of setting up a home business or getting self-employed as this allows them to be their own master. This transition can be a difficult one if you fail to organize your work and may lead...
Work-life balance is crucial if you want to be self-employed. Take on only the projects that excite you, and don’t accept every offer you’re given. You know what you deserve, and if a client isn’t willing to give you that, find another. Additionally, don’t work entirely from ho...
You’ll need to consider your financial stability, as going self-employed for the first time is a leap of faith, and success isn’t guaranteed. However, if you’ve been unemployed on a long-term basis, then perhaps it’s a good time to give this alternative a go if you’re reaching ...
Independent contractors are similar to freelancers; they’re self-employed, and work for clients on a temporary as-needed basis. Contractors are distinct in that their work may more closely resemble full-time, 9-to-5 work. They typically take on fewer clients than freelancers, instead devoting ...
Self-employed individuals may need to pay quarterly estimated taxes. The IRS website states, “As a self-employed individual, generally you are required to file an annual return and pay estimated tax quarterly.” However, there are some exceptions. If you believe you'll make less...
Freelancers work independently and can offer services such as writing, graphic design, programming, or photography. Freelance services are becoming increasingly popular due to the growth of the gig economy and remote work opportunities. Food Truck –A food truck is a mobile food business that can ...
There are plenty of ways to lower your taxes, including credits, deductions and advanced investment strategies. Maryalene LaPonsieFeb. 26, 2025 Tax Deductions for the Self-Employed The general rule is that any ordinary and reasonable expense you pay while conducting a business activity is deducti...
Have you been self-employed less than a year? If you’re just starting out, it’s possible you worked at a job earlier in the tax year before making the switch to self-employment, or you’re working multiple jobs. In this case, you may have more than one
Freelancers are self-employed and work independently for their clients. Outsourcing means hiring someone else (a company, small business, another freelancer, etc.) to help you finish a part of the job you’ve been contracted to do. When Should You Consider Outsourcing Work? A major deciding ...
Your ‘why’ will determine whether you need to go the self-employment route. So, why do you want to be self-employed? The introspection might make you realize that you only need a change of work environment or career, not necessarily self-employment. ...