Xero: Accounting Software For The Self-Employed

One of the toughest parts of self-employment is keeping track of bills, payments, invoicing and expenses. That's why we're so happy Xero exists. Xero is, by our estimation, an amazing way to handle accounting and bookkeeping for your self-employed business. Almost Millions suggests that you work...

Starting A LLC For Freelancers: Pros And Cons

Bills, bills, bills
There are advantages and disadvantages to starting a LLC for freelancers. Weighed with alternatives like being a sole proprietor or forming a S-Corporation, you have to decide what is right for you. Forming a single-employee Limited Liability Corporation, or LLC, as a freelancer is one...

The Best Reddit Personal Finance Tips

By Tony Webster from Portland, Oregon, United States - Change, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=39882332
Social networking site Reddit can be massive and daunting to navigate--but it has some of the best financial advice on the internet. Reddit’s /personalfinance subsite (or sub-Reddit, as they call it) is a massive forum with tons of traffic devoted to all things personal finance....

Taxes For Freelancers: Independent Contractor Edition

Taxes For Freelancers Independent Contractors
There are a lot of great things about freelancing. But doing taxes? Not so great. If you’re working as a freelancer and are an independent contractor (that is, you deposit your earnings directly to your personal bank account and don’t have a S Corporation or...

Study: Most Rideshare Drivers Never Heard Of The ‘Gig Economy’

Study: Most Rideshare Drivers Have Never Heard Of The Gig Economy
If you’re immersed in the tech world, odds are good that you’ve heard of the “gig economy”--a new world of business where independent contractors choose their own hours and the gigs they want through marketplaces like Uber, Lyft, and TaskRabbit. But there’s a problem:...

Freelancer Quarterly Estimated Taxes 101

You’re now a freelancer or working on a part-time side hustle. That’s awesome. But there’s one ugly thing to take care of: taxes. Ordinary employees in the United States get a form called a W-4. Basically, a W-4 tells companies how much money to put...

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