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Tax Tips for Freelance Writers
I was asked to discuss freelance writing and taxes today. The truth is, I’m not your girl. I was never good in math and after four years in the accounting department of an upscale retail chain, it was agreed by all around me that I needed to return to publishing. Though I joke that taxes are the reason I married an accountant, (with my apologies to Mr. Ng) it’s probably not too far from the truth.
The good news is that I can point you out to some helpful resources to assist you with any questions you have regarding taxes. So if it’s OK with you, today will be lots of links to other places, mostly (for disclosure purposes) my own freelance writing blog.
What Every Freelancer Needs to Know About Taxes
How to Solve Freelance Tax Problems
When a Writer Needs to Hire a CPA
Easy to Forget Income Tax Deductions
Introduction to Quarterly Taxes
3 Ways to Reduce Your Freelance Writing Taxes and Help Yourself
Tax Tips for Freelance Writers
20 Tax Deductions for Freelancers
Year End Tax Tips for Freelance Writing Businesses
When Your Freelance Writing Business Gets Audited
From other resources for freelancers around the web:
1. The IRS has provided a guide to estimated taxes that you shold keep handy.
2. Here are some Frequently Asked Questions about freelance taxes from the Anti 9 to 5 Guide.
3. One of my favorite freelancing blogs, Freelance Switch, has a terrific post about Saving for Freelance Taxes.
I hope this helps to answer any of your questions. Taxes are confusing enough, when you freelance it can get overwhelming. One thing I finally did this year was to hire a tax professional to handle my business taxes just because they were becoming such a headache. My husband is a talented accountant but his happiness is essential for my happiness, if you know what I mean. Some freelancers don't mind taxes. I don't feel the love.
Whether you pay annually or quarterly, it's in your best interest to brush up on all the rules and ensure your taxes are paid on time. To not do so will only lead to fines and audits and worse.
Deb Ng is founder of the Freelance Writing Jobs network. Feel free to follow her on Twitter @debng.
The good news is that I can point you out to some helpful resources to assist you with any questions you have regarding taxes. So if it’s OK with you, today will be lots of links to other places, mostly (for disclosure purposes) my own freelance writing blog.
From the Freelance Writing Jobs Network:
Tax Tips for UK FreelancersWhat Every Freelancer Needs to Know About Taxes
How to Solve Freelance Tax Problems
When a Writer Needs to Hire a CPA
Easy to Forget Income Tax Deductions
Introduction to Quarterly Taxes
3 Ways to Reduce Your Freelance Writing Taxes and Help Yourself
Tax Tips for Freelance Writers
20 Tax Deductions for Freelancers
Year End Tax Tips for Freelance Writing Businesses
When Your Freelance Writing Business Gets Audited
From other resources for freelancers around the web:
1. The IRS has provided a guide to estimated taxes that you shold keep handy.
2. Here are some Frequently Asked Questions about freelance taxes from the Anti 9 to 5 Guide.
3. One of my favorite freelancing blogs, Freelance Switch, has a terrific post about Saving for Freelance Taxes.
I hope this helps to answer any of your questions. Taxes are confusing enough, when you freelance it can get overwhelming. One thing I finally did this year was to hire a tax professional to handle my business taxes just because they were becoming such a headache. My husband is a talented accountant but his happiness is essential for my happiness, if you know what I mean. Some freelancers don't mind taxes. I don't feel the love.
Whether you pay annually or quarterly, it's in your best interest to brush up on all the rules and ensure your taxes are paid on time. To not do so will only lead to fines and audits and worse.
Deb Ng is founder of the Freelance Writing Jobs network. Feel free to follow her on Twitter @debng.
