How can I manage my income as a self-employed individual?

How can I manage my income as a self-employed individual?

Managing your income as a self-employed individual involves budgeting, tracking expenses, and setting aside taxes.

What tools can I use to track my income and expenses?

You can use tools like QuickBooks, FreshBooks, or even simple spreadsheets to track your income and expenses.

How do I estimate my taxes as a self-employed person?

To estimate your taxes, calculate your net income and apply the self-employment tax rate, plus any applicable income tax.

Should I consider hiring an accountant?

Hiring an accountant can be beneficial, especially for tax planning and ensuring compliance with tax laws.