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67 tagged with "Freelance"

Financial management and tax guidance for freelancers

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EITC for Self-Employed Workers: Claim Up to $8,046 in 2025
·mike

EITC for Self-Employed Workers: Claim Up to $8,046 in 2025

Self-employed filers can claim the federal Earned Income Tax Credit on Schedule C net earnings, with a 2025 maximum of $8,046 for families with three or more children. This guide covers eligibility thresholds, how to compute earned income (including the half-SE-tax adjustment), the documentation that survives an audit, and the pitfalls that disqualify otherwise valid claims.

tax-credits
self-employment
freelance
small-business
+4
Independent Contractor Misclassification: The 2024 DOL Six-Factor Test and How to Stay Compliant
·mike

Independent Contractor Misclassification: The 2024 DOL Six-Factor Test and How to Stay Compliant

Total exposure per misclassified worker now commonly lands between $15,000 and $100,000 once federal back taxes, FLSA back wages with liquidated damages, and state penalties stack. Here is what the 2024 DOL final rule changed, how the IRS and state ABC tests differ, and how Section 530 and the VCSP can cap retroactive liability.

independent-contractor
compliance
tax-compliance
payroll
+4
Solo 401(k) vs SEP IRA: The Self-Employed Retirement Plan Decision That Could Save You Thousands
·mike

Solo 401(k) vs SEP IRA: The Self-Employed Retirement Plan Decision That Could Save You Thousands

In 2026, a self-employed person earning $100,000 can contribute about $18,587 to a SEP IRA versus $43,087 to a Solo 401(k). This guide compares 2026 contribution limits, Roth options, December 31 deadlines, and Form 5500-EZ filing thresholds so freelancers and consultants can choose the right plan.

solo-401k
sep-ira
retirement-plans
self-employment
+4
Client-Related Tax Deductions: A 2026 Guide for Service Businesses
·mike

Client-Related Tax Deductions: A 2026 Guide for Service Businesses

Client meals are 50% deductible in 2026, client gifts cap at $25 per recipient (a limit unchanged since 1962), and employer-provided meals lose their deduction this year. A service-business guide to documenting meals, travel, gifts, and marketing while staying inside IRS rules.

tax-deductions
small-business
tax-planning
expense-tracking
+3
Self-Employment Tax Deductions 2026: A Complete Guide for Freelancers
·mike

Self-Employment Tax Deductions 2026: A Complete Guide for Freelancers

A line-by-line guide to the deductions self-employed workers can claim in 2026, including the now-permanent 20% QBI deduction under OBBBA, $72,000 Solo 401(k) limits, the 72.5-cent IRS mileage rate, and the documentation rules that hold up under audit.

self-employment-tax
tax-deductions
self-employment
freelance
+3
Dunning Email Signals: How to Decode Customer Replies and Get Paid Faster
·mike

Dunning Email Signals: How to Decode Customer Replies and Get Paid Faster

A four-stage dunning ladder, the signals hidden in customer replies, and operational rules that turn overdue B2B invoices into reliably collected cash.

accounts-receivable
cash-flow
invoicing
payments
+4
Form W-9 Demystified: The 2026 Guide for Freelancers, Contractors, and Small Businesses
·mike

Form W-9 Demystified: The 2026 Guide for Freelancers, Contractors, and Small Businesses

Form W-9 collects your taxpayer ID so payers can issue accurate 1099s. The 2026 OBBBA raised the reporting threshold from $600 to $2,000, and the IRS released a revised form. This guide explains the line-by-line mechanics, the single-member LLC mistake that triggers backup withholding, and the recordkeeping habits that keep January boring.

tax
tax-compliance
freelance
independent-contractor
+4
Invoice Email Templates That Get You Paid Faster: 5 Proven Examples
·mike

Invoice Email Templates That Get You Paid Faster: 5 Proven Examples

Five copy-ready invoice email templates—initial, pre-due reminder, overdue follow-up, recurring retainer, and post-payment thank you—plus timing data showing follow-ups within 3 days of a missed due date get paid in 7 days versus 30+.

invoicing
accounts-receivable
cash-flow
small-business
+4
The Proposal Letter That Wins: A Template and Playbook for Closing More Business
·mike

The Proposal Letter That Wins: A Template and Playbook for Closing More Business

A section-by-section proposal letter template with a real fractional-CFO example, win-rate data on customization and speed, the five mistakes that quietly lose deals, and a seven-point pre-send checklist.

templates
freelance
consulting
small-business
+3
Scope Management Guide: How to Prevent Scope Creep and Protect Your Service Business Revenue
·mike

Scope Management Guide: How to Prevent Scope Creep and Protect Your Service Business Revenue

Freelancers lose $15,000 to $25,000 yearly to scope creep, and 52% of agency projects expand past their original budgets. A six-step scope management lifecycle, written exclusions, and a formal change-order process keep service revenue from leaking.

consulting
freelance
small-business
contracts
+4
Self-Employment Tax in 2026: The Complete Guide for Freelancers and Independent Contractors
·mike

Self-Employment Tax in 2026: The Complete Guide for Freelancers and Independent Contractors

How self-employment tax works in 2026 — the 15.3% combined rate, the $184,500 Social Security wage base, the $400 filing threshold, quarterly estimated payment deadlines, the deductions that reduce both income and SE tax, and the income level where an S-corp election starts to pay off (typically $60K–$80K net).

self-employment-tax
self-employment
freelance
tax-planning
+4
The Complete Service Agreement Template Guide: Protect Your Business and Get Paid Faster
·mike

The Complete Service Agreement Template Guide: Protect Your Business and Get Paid Faster

A working guide to service agreements for freelancers, consultants, and small businesses—covering scope, payment terms, IP ownership, termination, and the boilerplate that decides who wins a dispute.

contracts
templates
small-business
legal
+4
Showing 13–24 of 67 posts