what happens if I miss the tax deadline Missing the tax deadline isn’t the end of the world—but for freelancers, it’s not something you want to make a habit of. When you’re self-employed, you’re responsible for more than just your income—you’re managing your own taxes, too. And unlike traditional employees, no one’s withholding your taxes … Read more
Quarterly tax Freelancers and self-employed professionals quickly discover that managing taxes is not as straightforward as it is for traditional employees. Instead of having an employer withhold taxes from each paycheck, independent workers must take responsibility for sending estimated payments to the IRS throughout the year. These payments are commonly known as quarterly estimated taxes. Missing … Read more
Freelance Tax Basics Taxes can feel confusing when you’re new to freelancing. Between self-employment rules, IRS forms, and quarterly deadlines, it’s easy to feel lost. But understanding your freelance taxes doesn’t have to be hard — especially when you start with the basics. In this guide, you’ll learn what you need to know to file … Read more