Handling Taxes as a Freelancer

[uptrendfinancialsignal]

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Handling taxes as a freelancer can be very overwhelming. For me, it's very essential to keep track of my expenses and income throughout the year. What I do is use a spreadsheet to log everything. I log from client payments to business related costs. That way, I’ll prepare myself for taxes.

 

[Heatman]

Unfortunately, the file which you attached seem to have been removed or it's broken. When it comes to paying taxes on when I earn as a freelancer, all of them are taxed when I get paid through the payment system I use. I don't do any other tax calculation and payment after getting paid.

 

[Ini]

It's very essential to set aside a portion of your income for taxes each month. That way, you will not be hit with a huge tax bill at the end of the year. And, I also try to consult with an accountant who specialises in freelance taxes. Trust me, it's worth it so you can have peace of mind. Having a tax professional on my side has been a game changer, and I don't have to worry about taxes anymore. They will help me navigate through the complexities of freelance taxes.