Money Matters is a short series designed to provide some quick financial wake-up calls and information to freelancers and the self-employed. You can find each article in the series here:
Part 1: Declaring PayPal Income
Part 2: Hiding Money Online
Part 3: Subcontractors, Outsourcing and Taxes
Part 4: Legal Business Entities
Part 5: Accounting for Freelancers
Part 6: 13 Resources for the Self-Employed
I generally can’t stand blog posts that list a ton of links. I know, I know, it’s the thing to do and sharing the love goes hand in hand with good blogging practices. Still, I tend to avoid it. My thoughts are that one day, there will be a confusing and complex spider web of posts about links that link to other posts about links and more posts about links until all that is left to read in the universe is links.
While surfing around to look for information about money issues, taxes and filing income reports, I did end up finding information that may be useful to beginning freelance writers. Sometimes, bending the “rules” is worth it, so here are those links (shudders):
- Get details on the 1099 form for US tax filing and what to do in the case of discrepancies
- Prepare for tax time by making sure you have everything you need
- InkyGirl offers a ton of good tax tips for writers
- Government GST and PST collection information for Canadian self-employed writers who gross over $30,000 per year – and that’s gross, not net, folks.
- Information on what is considered a business expense
- A good FAQ about some tax-related issues for freelance writers
- Tips to keep track of your writing business expenses
- Luc Latulippe goes in search of the accounting software that does it all. He’s still looking…
- Ehow offers tips on information to indicate on your invoices
- Here’s a great list of some applications that benefit freelancers– including accounting software
- Here are some FAQs for GST answered by the PWAC
- This is an interesting post on a system for invoicing clients
- And last but not least, here’s an article on how to invoice clients from the all-knowing About.com.
I hope you’ve enjoyed the mini-series on accounting and money matters for freelance writers, and I hope even more that you learn something new.