Indianapolis Web Design Blog

Every once in awhile I get thinking about the future of business as a self-employed individual.
Some of the questions that come to mind are things like: What happens when I’m old? How long can I really do this? Would it be possible for a 50-year old to work at home for himself? Can I really […]

5 Things I Wish I Had Known About Freelance Taxes: Part 4
Every year we’re taxed on our income - our “Taxable Income.” This is not the same thing as our “Total Income.” Just what defines the taxable income? Taxable income is our gross income minus any deductions.
To put it another way, you want to take […]

5 Things I Wish I Had Known About Freelance Taxes: Part 3
Estimated taxes are like Satan’s way of giving freelancers a nice birthday gift, only instead of a gift it’s a bowl of scorpions sprinkled with toxic waste. And it’s your birthday four times per year.
The U.S. tax system is a “pay-as-you-go” system. This means […]

When I was a kid nothing excited me as much as a snow day. All of the fun, fluffy stuff falling out of the sky like so many feathers after a rockin’ pillow fight…. Staying home from school, sledding, throwing snowballs at passing cars (er, I mean that always looked like fun when the other […]

5 Things I Wish I Had Known About Freelance Taxes: Part 2
< Read Part 1
It’s easy to understand that you’ll have to pay taxes all of your life. But how much?
At your old job, you didn’t have to worry about that too much. You received a periodic paycheck with the deductions already taken out. Now, […]

One of the most important issues when starting a freelance business is taxes. You’re out there working for yourself (no more workin’ for the “man”), and things are going well. You’re getting some new clients, your work is creative and loved by all, Your computer is ticking along to the pulse of capitalism like a […]