Finance

  • How Freelancers Can Make the Most of Online Invoicing

    By Guest on March 18, 2013
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    By Hitesh Bubbar Being a freelancer is fun. You decide your working hours. You decide who you want to work for. And you decide how much should you be paid. Unlike a traditional workplace, you don't have to work when you're not in the mood, your ability to take breaks has no bound, and you never have to feel overpowered […]
  • Avoid Costly Freelance Writing Scams

    By LaToya Irby on March 11, 2013
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    When you’re looking for ways to make money from writing, you’re bound to run across a few scams. Some may actually sound promising – after all, the marketing materials are written by people who are good at writing. But, a well-written sales page, filled with promises, guarantees, and testimonials doesn’t necessarily indicate a legitimate product or service. You haven’t worked […]
  • Freelance Writers: Tips for Paying Estimated Taxes

    By LaToya Irby on February 25, 2013
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    Ah, taxes. It’s almost all you hear and read about this time of year, but we freelance writers have been thinking about taxes all year long. That’s because we, along with other self-employed workers, are required to pay quarterly estimated taxes to the IRS four times a year: in January, April, June, and September. If you’ve ever paid too little […]
  • What To Do With Extra Writing Income

    By LaToya Irby on February 11, 2013
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    Is your freelance writing business netting you more money than what’s needed to pay the bills? It’s not a bad problem to have. Here are some ways you can spend that extra money. Make sure you set aside enough for taxes. If you’re earning more than you expected, you may also owe more taxes than you expected. Update your estimated […]
  • Book Review: The Freelancer's Bible

    By LaToya Irby on January 28, 2013
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    You may have heard of Freelancers Union, a nonprofit organization for freelancers, contractors, and independent workers. Sara Horowitz, who founded Freelancers Union, has released a comprehensive guide to freelancing – The Freelance Bible - that's everything the title suggests. Sara’s accolades includes being named a MacArthur Foundation “Genius” fellow and one of Forbes’s Top 30 Entrepreneurs. Packed With Information As […]
  • A Primer on Taxes for Freelancers

    By LaToya Irby on January 14, 2013
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    Every worker, freelance or not, is undoubtedly familiar with income taxes: the percentage of your income that’s paid to the Federal, state, and sometimes local government. (The rest of this post speaks primarily on Federal taxes.) When you’re full-time employed by an employer, the employer will typically withhold taxes from your pay. They send the withholdings to the IRS on […]
  • Time To Create a Financial Organization System

    By LaToya Irby on December 31, 2012
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    Another calendar year means another fiscal season for freelance writing businesses.  It's a great time to organize your finances. You may have had an ineffective organization system last year, if you had one at all. No matter what you did last year, the start of 2013 is a great time to tweak your old system or to create a new […]
  • Managing Finances Without a Guaranteed Paycheck

    By LaToya Irby on December 18, 2012
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    If you've freelanced at all before, you probably already know: there are no guaranteed paychecks in freelance writing. I often tell my family and friends, particularly those who dream up things for me to do during work hours, that my pay is tied directly to my productivity. I don’t write, I don’t get paid. It’s not like a desk job […]
  • Financial Goals for 2013

    By LaToya Irby on December 4, 2012
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    This is one of my favorite times of year, not because it's the holiday season (that part is actually more stressful than enjoyable), but because it's the perfect time to reflect on the past year's progress and make plans for the upcoming year. I like to start doing this earlier in December, that way I'm ready to put the plan […]
  • 6 Invoicing Tips for Getting Paid Lightning Fast

    By Guest on November 27, 2012
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    When I was a beginning freelancer, a late invoice often meant the difference between making rent and begging my (very nice, I must say) landlord to waive the late fee. We’ve all been there – some clients pay you within the hour, some clients send a check right around the 30-day mark, and some clients conveniently forget to pay at […]