Freelance Entrepreneur – 5 Tips

Freelance Entrepreneur – 5 Tips

5 Tips for Today’s Freelance Entrepreneur

(BPT) – From millennials who have been grinding away in the workplace for a few years to Gen Xers looking to move out of their cube, many have been intrigued by the possibility of becoming a freelance entrepreneur.

It means the freedom to set your own hours, to work closely with clients, to be your own boss and have greater control over your career.

According to Forbes, there are 53 million freelancers in America today, and by 2020, it’s estimated that half of the workforce will be doing freelance work, whether full time, as a part-time gig or as their side hustle.

Unlike a traditional job, where you generally don’t need to bring more than a packed lunch to work, a freelance entrepreneur requires a few essential tricks and tools to succeed. Whether you’re looking to start out or refresh your personal brand, homeworking View full post…

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Self Employed Freelancer | A Sole Proprietor

Self Employed Freelancer – The Simplest Way to Organize

A self-employed freelancer pays taxes on what is earnedSo you want to be a self employed freelancer? Are you familiar with the various expenses that you are able to deduct as a cost of doing business?

Most freelancers operate as a sole proprietorship and file their business operations on a Schedule C on their Form 1040 personal tax return.

Some who are going into business with other freelancers, may form a partnership, a corporation, or an LLC. Each form of organization may have certain benefits over the other, so you need to review that carefully.

The sole proprietorship is usually the easiest to organize, but at tax time it can present some unusual and potential tax issues. As a sole proprietor, you don’t pay yourself a salary. View full post…

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