Short answer: You are legally obligated to report all of your income.
Every person or company you worked for may not issue you a tax form.
If you're a freelancer, you definitely want to keep track of your expenses. Here's why.
Knowing what is considered a legit business expense is very important for everyone who is self-employed. Make sure you understand the basics.
Keeping track of your expenses can be a chore, but this expense tracker will make your life a little bit easier.
You’ve heard people talk about collecting receipts. Or maybe you even have some receipts, but then there are some you don’t have. What are the consequences? Why do freelancers need these little pieces of paper?
Getting food or drinks with clients or while traveling is often a legit business expense, but be mindful of the rules.
Figuring out all your business expenses is a key part of doing your taxes as a freelancer. And internet costs are usually a part of that.
Staying on top of your field is crucial to your success, and in many cases the costs associated with that are legitimate business expenses.
Figuring out if you have a home office is an important question for freelancers, artists, and others who regularly work from home. But it’s not always easy to understand what qualifies. Find out more below.
If you have a home office used exclusively and regularly for your freelance business, it often represents a pretty big business expense which can help a lot when it comes to your taxes.
If you use your vehicle for business, you definitely want to track your mileage and other costs associated with business. It will help bring down your tax bill.
Per diems are your friends! Tracking the cost of meals when you're traveling can be a pain. Thankfully, there's a tool available that can help make things easier.
If you bought some big equipment for your business, like a new phone, computer, or camera (or all three and more), there are a few different ways we can handle that expense on your taxes.
If you drive a car, truck, or SUV for business purposes, chances are you can deduct a percentage of your auto expenses.
I spent a lot for my day job, and I know I can’t use these federally now, so is there any point to keeping track of this?