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67 tagged with "Freelance"

Financial management and tax guidance for freelancers

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Self-Published Author Bookkeeping: KDP, ACX, Kickstarter, and the Full Indie Publishing Stack
·mike

Self-Published Author Bookkeeping: KDP, ACX, Kickstarter, and the Full Indie Publishing Stack

How indie and hybrid authors should track royalties from KDP, ACX, IngramSpark, Patreon, and Kickstarter, classify editors and narrators as 1099-NEC contractors, capture foreign withholding tax under treaty terms, and apply ASC 606 to crowdfunded pre-orders.

bookkeeping
creative-industries
self-employment-tax
tax-planning
+4
Court Reporter Bookkeeping: Per-Page Revenue, ASC 606, and the KPIs of a Six-Figure Steno Practice
·mike

Court Reporter Bookkeeping: Per-Page Revenue, ASC 606, and the KPIs of a Six-Figure Steno Practice

A practical bookkeeping guide for solo court reporters and stenographers — covering per-page transcript revenue, ASC 606 recognition of appearance fees and copy sales, Section 179 deductions for stenotype writers, multi-state tax nexus, and the KPIs (pages per workday, effective hourly rate, DSO) that separate six-figure practices from break-even ones.

bookkeeping
self-employment
freelance
s-corp
+4
Bookkeeping for Translators and Court Interpreters: CAT Discounts, ASC 830, and the ABC Test Trap
·mike

Bookkeeping for Translators and Court Interpreters: CAT Discounts, ASC 830, and the ABC Test Trap

How freelance translators, court interpreters, and small LSPs should structure their books — entity choice, CAT-weighted revenue, ASC 830 FX accounting, ABC-test worker classification, multi-state nexus, and the KPIs that actually drive per-word yield.

freelance
self-employment
bookkeeping
s-corp
+4
Barter Transactions: How to Record Trades and Report Them to the IRS
·mike

Barter Transactions: How to Record Trades and Report Them to the IRS

Every barter trade creates taxable income equal to the fair market value of what you receive. Record it as a paired sale and expense through a barter clearing account, then report it on Schedule C—including 15.3% self-employment tax—and watch for Form 1099-B from barter exchanges.

tax
irs-reporting
bookkeeping
small-business
+4
Section 530 Safe Harbor: How to Avoid IRS Back Payroll Taxes on 1099 Workers
·mike

Section 530 Safe Harbor: How to Avoid IRS Back Payroll Taxes on 1099 Workers

Section 530 of the Revenue Act of 1978 bars the IRS from collecting back employment taxes on misclassified contractors if a business met three tests—reporting consistency, substantive consistency, and a reasonable basis for treating the workers as 1099 contractors.

tax
tax-compliance
payroll
small-business
+4
Solo 401(k) vs. SEP-IRA for the Self-Employed: 2026 Limits, the Roth Option, and the Pro-Rata Trap
·mike

Solo 401(k) vs. SEP-IRA for the Self-Employed: 2026 Limits, the Roth Option, and the Pro-Rata Trap

For the self-employed, a Solo 401(k) often shelters more than double what a SEP-IRA does at the same income — a $90,000 earner can contribute $47,000 vs. $22,500 in 2026. This guide covers the limits, the Roth option, the pro-rata rule, and the December 31 deferral deadline.

retirement-planning
self-employment
tax-planning
personal-finance
+3
Constructive Receipt and the December 31 Check: Why 'I Didn't Cash It' Won't Save You at Tax Time
·mike

Constructive Receipt and the December 31 Check: Why 'I Didn't Cash It' Won't Save You at Tax Time

A practical guide to the constructive receipt doctrine under Treasury Reg. 1.451-2 — what counts as income in the year you got the check, what doesn't, and which year-end deferral moves actually survive an audit.

tax
tax-planning
tax-compliance
small-business
+4
The NYC Tax Most Freelancers Don't Know Exists Until They Owe It
·mike

The NYC Tax Most Freelancers Don't Know Exists Until They Owe It

New York City's 4 percent Unincorporated Business Tax applies to freelancers, consultants, and partnerships with NYC gross receipts above $95,000. A full credit eliminates the tax at $95,000 or less of taxable income, while an S-corp election can move higher earners out of the regime entirely.

tax
tax-compliance
tax-planning
freelance
+4
Quarterly Estimated Taxes for the Self-Employed in 2026: Safe Harbors, Form 1040-ES, and the Annualized Income Method
·mike

Quarterly Estimated Taxes for the Self-Employed in 2026: Safe Harbors, Form 1040-ES, and the Annualized Income Method

A working guide to the 2026 quarterly estimated tax rules for freelancers and self-employed earners — the two IRS safe harbors (90% current year, 100%/110% prior year), the four uneven due dates, Form 1040-ES, the annualized income method for lumpy earners, EFTPS vs Direct Pay, and the mistakes that trigger penalties at the 6–7% federal rate.

tax
self-employment
self-employment-tax
freelance
+4
Solo 401(k) vs. SEP-IRA in 2026: Picking the Self-Employed Retirement Plan That Actually Shelters the Most Income
·mike

Solo 401(k) vs. SEP-IRA in 2026: Picking the Self-Employed Retirement Plan That Actually Shelters the Most Income

A 2026 comparison of solo 401(k) and SEP-IRA plans for the self-employed, with contribution math at $60K, $120K, and $300K of net income, SECURE 2.0 Roth catch-up and super catch-up rules, setup deadlines, and a decision framework for picking the plan that shelters the most income.

solo-401k
sep-ira
retirement-plans
retirement-savings
+4
Form 8829 Home Office Deduction: Why Picking the Wrong Method Could Cost You $3,000 a Year
·mike

Form 8829 Home Office Deduction: Why Picking the Wrong Method Could Cost You $3,000 a Year

A side-by-side comparison of the simplified $5-per-square-foot method and Form 8829's actual expense method for the 2026 home office deduction, with worked examples, depreciation recapture math, carryover rules, and a decision framework for self-employed filers.

tax-deductions
self-employment
small-business
tax-planning
+4
The 1099-K Whiplash Ends: Why the $20,000 and 200-Transaction Threshold Is Back for 2026
·mike

The 1099-K Whiplash Ends: Why the $20,000 and 200-Transaction Threshold Is Back for 2026

The One Big Beautiful Bill Act repealed the $600 1099-K threshold in July 2025 and restored the original $20,000-and-200-transaction federal rule, easing paperwork for casual sellers and gig workers — but every dollar of business income remains taxable.

tax-compliance
irs-reporting
self-employment-tax
payments
+4
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