If you’re like me and you do freelance work and maybe own an online business, then you probably are not looking forward to April 15. Unless you’re very organized or have been in the game for a while, then you probably owe some taxes.
Working in the freelance capacity is really more than just a work style–it’s a lifestyle. You really have to learn how to take care of everything yourself. There is no HR manager telling you what forms you need to fill out or suggesting certain health plans. It is all on your shoulders.
This can be a liberating thing, but it also can come back to haunt you if you’re not prepared. Paying taxes on your earnings is probably one of the most important things you will do if you work for yourself. This is something you need to plan for, save for, and keep in mind as you conduct business throughout the year.
If you can keep track of expenses, receipts, and earnings, then your April 15th date with destiny won’t entirely suck.
Read this list of Tax Deductions to get the gears moving.