You land your first freelance client, quote what sounds like a solid hourly rate, and feel great about it. Then tax season arrives and after paying self-employment taxes, software subscriptions, and a…

The IRS doesn't define your tax status based on which form you received. What matters is the nature of the working relationship behind that form. Use this article to understand the IRS's definition of…

Whether freelancers need business insurance doesn't have a simple yes-or-no answer, it depends on your industry, the nature of your work, and more. Use this guide to determine if your freelancing busi…

As a Lyft driver, tax season brings unique challenges that go beyond typical employment tax situations you may be used to. Understanding how to properly interpret and use your Lyft 1099 forms is cruci…

Operating as an LLC is a decision with its own set of tradeoffs worth understanding before official formation. Use this guide to learn what an LLC is, how it can affect your taxes, and whether it's th…

The choice between ACH vs. wire transfer vs. payment app isn't just a preference. It affects your cash flow, your recordkeeping, and what the IRS sees at the end of the year. This guide will help smal…

Once sales start coming in, you realize quickly that the IRS sees your shop as a business whether you do or not. This article walks you through what an LLC actually does for Etsy sellers, when forming…

When you undercharge, you may still owe self-employment tax, quarterly estimated payments, and federal and state income taxes on every dollar you bring in. That math can turn a rate that felt correct …

Use this article to learn what counts as a business license and when it may be required, the consequences for freelancing without one, and how to determine the licenses you need to operate your busine…