Taxes for Digital Marketing Freelancers & Contractors

In this video I explain how you should think about and perform your tax obligations as a digital marketing freelancer. This pertains to tax suggestions for marketing contractors but could apply to various freelance industries.
THIS IS NOT TAX ADVICE AND I AM NOT A CERTIFIED ACCOUNTANT OR TAX EXPERT lol
Some general points about taxes for freelance marketers
- Freelancers should allocate 25-30% of income for taxes.
- Tax obligations include federal income tax & self-employment tax (15.3%).
- State income tax may also apply depending on location.
- Deductions for expenses like home office and software subscriptions can reduce taxable income.
- Quarterly estimated tax payments are necessary to avoid penalties.
- Understanding tax obligations is crucial for compliance.
- Consulting with a tax professional can optimize tax strategies.
- Proper planning can minimize tax liability for digital marketing freelancers.
Please consult with a true tax or accounting professional for the best advice and planning. I have some people I can recommend such as our friends over at HARO CPA. harocpa.com/
#tax #taxes #freelancers #digitalcontractors #contractor #freelancemarketing #marketingcontractor #seomarketing #taxhelp #digitalmarketing #marketingjobs
If you need business legal advice you can also use outside legal help with our friends at Outside GC = www.ogcsolutions.com/
If you need any marketing help or want a job freelancing in digital marketing for Momentum Digital then please apply using [e-mail] or apply on our website www.needmomentum.com/digital-...
For more how to and blog videos = www.needmomentum.com/momentum...
Marketing Audit = www.needmomentum.com/free-mar...
If you need digital marketing help = momentum.17hats.com/p#/lcf/tk...
Schedule a call with me = calendly.com/needmomentum
Learn more about Mac Frederick = www.macfrederick.com/
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Instagram = @MacFrederick

[@momentum360]

Very helpful for my taxes this year Mac, thank you!

[@macfrederickmomentumdigital]

Happy to help!

[@EhtizanEditor2]

Hey Mac, I just watched your video and I must say that it was really informative and well-made. I was wondering if I could help you repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel

[@macfrederickmomentumdigital]

Sure take a crack at it