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Freelancing

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Flying Solo: Can a Nervous Nellie Be a Freelancer?

I’m the last person you’d imagine striking out on her own. I’ve always liked the camaraderie of having like-minded colleagues, the comfort of getting a paycheck every two weeks, and funding my retirement with a 401k. Need I add that I’m extremely...

Five Ways to Kill It as a Freelancer

It used to be that if you described yourself as “freelance,” people didn’t take you seriously. Not anymore. A recent survey by the consulting firm MBO partners estimates that by 2020, at least half of the country’s workforce will have gone...

Flying solo: The financial side of Freelancing

So far, I’ve been amazed (and a little unprepared) for all the tiny and not-so-tiny things it takes to start even a low-overhead, one-person enterprise like mine. In the past two or so months, I’ve had to:1)   Research and buy a new printer and...

How to Get Paid

Think sales is the hardest part of running a services business? Wrong. Cashflow is harder. You're entitled to a downpayment. Don't wait until the end of a project to send an invoice. As part of your negotiation and written contract, specify...

Saying ‘Yes’ Pays Off

When I moved to Philadelphia a year ago, I was broke—25 years of living in New York, the past five of it as the breadwinner for my family, can do that. Don’t focus on making new friends, I told myself: "Make money" Yet my first move was the...

Document Your Agreements

If I can point to the one thing that probably led to over $1,000,000 worth of mistakes that I've made in my businesses (and I have the debt to prove it), it was that I spent little, if any, time documenting agreements. Documents, records, and...

The Scoop on Home Office Deductions

Ah, that pesky home-office deduction. For those who work from home, it can be a valuable tax break, but it’s also a tricky one—especially if you own your home. Want to check it out? First, let’s see if you’re eligible.You qualify for the deduction...

Don’t Forget: Freelancer Tax Forms Are Due Jan. 31

Was this the year you started subcontracting out business as you brought in more clients? Congratulations! Now, don’t forget to send your freelancers an important tax form by Jan. 31. If you or your company paid more than $600 for services to...

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