A freelancer's guide to taxes in USA

  • Course Price
    Free
  • Course Duration
    2 parts of 60 min. each
  • Date
    September 02nd, 2019

Within the next decade freelancers are expected to make up the majority of the U.S. workforce. Freelancing is the new way of working and a lifestyle, that is a dream for too many people. There are so many reasons to start working for yourself. Everybody is dreaming about the end of office politics, and so many people want to tell goodbye to wasted time in useless tasks.

Yeah, freedom! But with freedom comes a huge responsibility. A freelancer becomes his own administrator, project manager, PR and marketing manager, networker, and… accountant. You are not specialized anymore in one particular job, you start to working on various aspects of your primary activity.

As you’ll have income from clients for your work, you will have to think about taxes to pay. And here comes the hard part of the dream. There are so many topics to consider and there are freelancers that hire a professional accountant to answer to their taxes related questions and uncertainties.

Hiring an accountant is a good idea, but when you just started your activity and have and irregular income, you will find hard to manage an extra expense, like paying an accountant. Every earned income is subject to taxes. Most of starting freelancers don’t have an idea of taxable and nontaxable incomes and how the amount of taxes is calculated. And there is a risk of penalties in case of payments missed at specific dates and periods (that a freelancer must know).

In order to help freelancers with the very hard part of their activity, we organize a FREE webinar. The lecturer will discuss a full range of very important topics that you didn’t know existed. Don’t miss the opportunity to be well informed and prepared for your successful freelance career! You will avoid mistakes that every new freelancer makes.

Among the topics discussed you will find:

How much do you have to make to file taxes when you are a full-time freelancer?

Full-time and part-time freelancing:

Taxes to pay when you combine freelancing with a full-time job. How much do you have to make to file taxes in case you are freelancer who is also an employee?

Quarterly payments:

When you should not to pay quarterly? The lecturer will give to freelancers some tips in order to make easier the form filling.

Division of the year for estimated taxes:

There is a payment deadline for each period, did you know? The lecturer would explain about the periods and the taxes estimation.

PayPal and other digital payment systems:

How do you make your taxes with such payments? How to proceed in case that you earned money from your clients through online payment systems?

Tax deductions for freelancers – a list of all cases and explanation: 

Most of freelancers do not have an idea of them. It’s very important to save all invoices and payment documents. The lecturer gives tips and hacks in manner to facilitate the organization of the documentation, saving time and money.
 

The tax reform bill from the 2018 - “Tax Cuts and Jobs Act”:
Good news for freelancers – they can now save hundreds, thanks to the tax reform bill. The lecturer would explain the main points of the tax reform bill. Why it is good for freelancers?

Separate account and credit card for your freelance activity or side gig:

The freelancer gets more control over his money as he separates activity expenses from personal ones. The lecturer will talk about his own experience and best practices.

Lessons

(1) Part 1
How much do you have to make to file taxes when you are a full-time freelancer? Full-time and part-time freelancing - how to handle taxes? Quarterly payments. When you should not to pay quarterly? PayPal and other digital payment systems – how do you make your taxes with such payments?
Available on 20.07.2019 @ 07:00 PM EST
(2) Part 2
Tax deductions for freelancers – a list of cases and explanation. The tax reform bill from the 2018 - “Tax Cuts and Jobs Act”. Software products for tax filling .
Available on 21.07.2019 @ 07:00 PM EST