3 Key Tax Tips for the Self-Employed

Taxes don’t have to suck

Photo by Campaign Creators on Unsplash

Whether you’re a freelancer, influencer, or someone with multiple streams of income, these tax tips are necessary for anyone who is self-employed. In school, no one gets to learn anything about finances. And we’re setting out into the world having to figure them out for ourselves.

For employees working for businesses, taxes are typically easier because employers already take the necessary percentages out of their employee’s salaries. But if you’re not working for an institution and are your own boss, taxes can get a bit more complicated. Doing what you can to learn more about these topics is super essential.

I started my business last year and figuring out how to do taxes for a business is vastly different than just having a job. These tips are compiled from my own experience as a writer and artist.

If you’re interested in or starting out with self-employment, you may want to take a look at these tips as a simple starting point:

Know When You Have to Pay

Being self-employed can make it difficult to keep track of expenses. Grab a calendar or use an online one for this. You must be keeping up with payments when they are necessary. If you’re not sure how much you’re going to have to pay for taxes, the IRS site has a…