If you’ve responded to the call of self-employment, congratulations! Self-employment is exciting, but it also comes with its fair share of financial challenges. Here’s how you can thrive financially as your own boss.
Most people who drive for business calculate their deduction using the standard mileage rate. This is definitely valuable and you should take it. But, don’t forget about these three often-overlooked business vehicle deductions for your business car.
For the majority of the year, freelance work can be a rewarding part-time or even full-time gig. A convenient schedule with flexible hours and extra income are a big plus.
However, when tax season rolls around, things can get stressful and downright scary if you haven’t prepared properly. Freelance taxes don’t have to be stressful. The goal is to know what is expected of you and plan ahead. Here’s what you need to know if you’re filing this year as a freelancer.