Many people find that working for themselves provides the flexibility and extra income that they don’t get from a traditional job. But being self-employed makes you subject to certain tax rules and requirements, and that can get complicated if you’re not planning ahead.
It’s no secret that paying taxes can be pretty stressful, and requires a little extra work to stay on top of your tax bill. How can quarterly tax payments help?
Are you prepared for the end of the year and putting together your taxes? Let’s run through a tax preparation checklist for gig workers and independent contractors.
If you’re new to being self-employed or working in the gig economy, you might be asking a lot of questions about estimated quarterly taxes. It can feel overwhelming.
The freedom to choose what you do and when you do it. The opportunity to control your workload. The independence of being, well, independent. While being your own boss may come with a lot of perks, tracking your finances isn’t one of them.