The gig economy is growing faster than ever, with Statista estimating the number of freelancers in the United States around 62 million. Within the next decade, that number is projected to jump to over 85 million — more than half of the total American workforce.

In the past, freelancing was typically seen as a side hustle or something you did in between “real” jobs. However, the flexibility, freedom and high-income potential of the full-time freelance lifestyle has made it an incredibly appealing choice for skilled workers who prefer to be in control of their own projects and earnings. Dann Petty…


The future of work is freelance. From graphic designers and web developers to delivery drivers and home cleaners, American workers are increasingly embracing the freedom and flexibility of freelance life. At the same time, talent-starved employers are taking advantage of the opportunity to hire skilled workers located all over the world, whenever they need their help. Already, there are 56.7 million Americans working on a freelance basis , according to Upwork, and by 2028, the company expects that 73% of all departments will have remote workers.

At the backbone of this shift is the rapid development of a host of…


You’ve done it! Your company is official, which means you’re a boss and you’ve completed yet another step towards realizing your dreams. But, now what? Well, there are a still a few things left to do now that you’ve filed your articles with the Secretary of State to launch your business.

To help you sort through the details, we’ve created a handy little checklist, which you can find below. Use this tool to keep your information updated and your business recognized as the official company that it is.

Please bear in mind that, while we’ve made every effort to ensure…


Filing your taxes as a self-employed freelancer might be a little confusing at first. But, once you get the hang of things, you’ll realize that it isn’t so bad because you can take advantage of some helpful deductions. Whether you’re working full-time or part-time, there are lots of ways that you can save on taxes when you’re working for yourself.

What are some of the top tips from pros that can help you save big on your taxes as a freelancer? …


Even though most people who are self-employed really love it, there are some things that they also hate about it — most notably, self-employment taxes. However, learning how to use a self-employment tax calculator can be incredibly beneficial to you.

Self-employment taxes may be unclear to you if you haven’t done a lot of research into the topic, so we’ve taken the time to break it all down to help you with your taxes.

Hopefully, the information below will help you better understand what your requirements are when it comes to using a self-employment tax calculator while still being your…


Are you a full-time freelancer and planning to make $80,000 or more this year? Well, we have great news for you: there are cost-effective ways to save on taxes, and you can start taking advantage of those strategies, right now.

Below, we break it all down for you, showing you how you can save a whopping $5,000 or more in taxes this year, and every year after. It’s all about forming an S Corporation. Sound too easy and too good to be true? It isn’t!

Check out this helpful guide to dive in, but please bear in mind that, although…


Whether you’re first starting out as a freelancer or you’re a self-employed freelancer who’s already making money, it’s vital to understand how to go about paying yourself. After all, being self-employed means you’re responsible for your own salary.

How can you take money out of your business so you can pay your personal bills? While you might not know where to start, the truth is that paying yourself as a freelancer is actually pretty simple. Seriously!

Below is our short guide to paying yourself when you’re a freelancer. Just keep in mind that, while we’ve made every effort to ensure…


Many freelancers opt to own and operate their business in the form of an S corporation (also called a Subchapter S corporation), as doing so allows them to reap some helpful tax savings.

Put simply, when your business is an S corporation (a.k.a. S corp), you become its employee for tax purposes. Most S corporations, though, only have one owner (shareholder) who is also the only employee.

Below, we cover some of the tax benefits of running an S corp, as well as what the process is for paying yourself a salary from your business. Just keep in mind that…


A business plan is a document that you create, either by yourself or with help from others. It lays out all of the goals that you have for your freelance business for the next three to five years. Those goals include your financial projections. But, in addition to writing down your goals, your business plan is also meant to serve as an outline for how you intend on achieving those goals.

Starting your business without a plan would be a lot like going on a long road trip without a navigation app and road map. It’s just not smart. …


When working as a self-employed freelancer, one of the biggest tasks that you’ll need to accomplish is paying your taxes. Things are quite different as a freelancer than an employee, so knowing what steps you need to take throughout the year, as well as during tax season, is key.

To help you navigate the complicated world of taxes for freelancers, we’ve compiled some information below that can serve as a guide. Just keep in mind that, while we’ve made every effort to ensure that this information is up-to-date and accurate, it does not constitute legal advice, nor should it be…

Ugur Kaner

Creative. Co-founder @collectivefin empowering business-of-one. Contributor @Forbes . Former @Udemy @AngryBirds @Memebox .

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