Common Business Expenses for Freelance Editors

15/03/2023 26 min Episodio 23
Common Business Expenses for Freelance Editors

Listen "Common Business Expenses for Freelance Editors"

Episode Synopsis

Tax season—that time of year dreaded by most. And while filing your taxes as a freelance business owner is a much different ball game than doing them as a W2 employee, if you get organized, stay organized, and follow my tips, tax time will go smoother than you think.In this episode, you’ll learn the following:04:37 – My number one tip to keep your finances organized from the beginning08:07 – What’s a deduction, and what the IRS considers an expense11:38 – A surprising expense that can be deducted from your taxes if you work from home (I had no idea!)15:43 – Books are considered a business expense?! (Use your common sense and good judgment and ask your accountant first)Discussed in the episode:California AB5IRS estimated taxesIRS Employer Identification Number (EIN) applicationConnect:Book a free 15-minute callJoin the Freelance Editors ClubTara on InstagramTara on Facebook