If you are a freelancer who works on writing, editing, design, or photography projects throughout the year, then you may spend some time completing your taxes in April. While many freelancers take a similar approach to accounting, bookkeeping, and paying taxes, some individuals treat their freelancing careers a bit differently and consider themselves small business owners. With this in mind, it may be a good idea to invest in an accounting service.
Starting a freelance career comes with a myriad of benefits to take advantage of including the control to set your own work hours, the ability to work wherever you want in the world, and the opportunity to make a significantly higher income than you might otherwise. But with the good also comes a few challenges, like learning to wear multiple hats at once and facing the possibility of inconsistent cash-flow. Consider incorporating the following services into your overall business plan to minimize stress and optimize success as you build your new freelance career: