Taxes for Freelancers (EVERYTHING You Need to Know)

Ep 7 - Being a freelancer or graphic designer can mean freedom, but it also comes with managing your own taxes and that can get tricky. Don't worry! This podcast episode breaks down everything you need to know about taxes for freelance graphic designers in plain, simple terms with CPA and small business accountant, Jackie Easterday! In this video, Jackie goes over: S-Corp vs. LLC Keeping track of deductions and write offs Quarterly tax payments vs yearly Quick tips for organizing your finances If you're a freelancer looking to navigate tax season stress-free, this video is for you! Feel free to skip ahead to any of these parts: 0:00 welcome! 1:35 meet Jackie 5:11 what to look for in a CPA 6:15 LLC or S-Corp? 12:20 separating business and personal expenses 16:28 bank account set up 20:12 how much should you save? 22:12 how to pay yourself? 23:52 quarterly vs. yearly taxes 27:00 how to pay for taxes? 28:48 best way to save receipts 31:28 write off's 34:55 what to keep in mind for tax season 38:00 next steps 40:45 conclusion Check out Jackie's site and grab her helpful resources: https://easterdaygroup.com/