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: easterdaygroup.com/
Don't forget to like, comment, and subscribe for more helpful tips on freelancing and finance!
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#graphicdesign #podcast #freelance

[@MeganWeeks]

Do you all have more questions on taxes or finances for small businesses?! Drop them below👇

[@FelipeKarr]

Thanks for this video!! Exactly What I need to hear as i am submitting my taxes haha

[@katesolberg1838]

havent even watched the whole video and i liked it. more content needs to be made about this! its such a daunting thing as a freelance designer, but things that must be learned! I'm learning as i go, but I'll take any info I can get on KZbin and online about this!

[@DestiniCrane]

I have a question, I am starting my graphic design business when I finish school in June and was wondering if graphic designers charge sales tax on their services? I have yet to find a correct answer lol

[@mowdudhasansaim361]

Hi, Your video properly not SEO.