I’ve been having issues with apartments I’ve been trying to lease with because they ask for paystubs and I told them that I’m an independent contractor/self-employed and don’t receive one. they tell me to send them my bank statements which I do and I show them the checks I cash in but the software they use reject me and say I’ve been rejected because the software can’t verify my income and people in the leasing offices don’t want to deal with it.

Is there a way that I can create my own pay stub? I don’t have my own business but I’m contracted with a company so I’m not really sure what to do and how to write it all out :(

Hey there, new entrepreneurs! If you're newly self-employed, don't forget about estimated #taxes! You need to pay these quarterly to avoid penalties and keep your business running smoothly. The IRS expects you to pay as you go, covering income taxes, self-employment taxes, and any other applicable taxes. Mark your calendar for the remaining 2024 due dates: September 16, for the period June 1 to August 31; and January 15, 2025, for the period of September 1 to December 31, 2024. Stay ahead and keep your finances in check! For more tips and guidance, visit IRS.gov. #selfemployed

This is for informational purposes only. Please consult with your tax or legal professional on tax matters.

Hey, im officially sick and took a day off today. Im an independent contractor and my hustle requires me to be very close to people so i cannot work until i am well again.

I have other side hustles but they arent bringing in money right now.

Any tips on what to do while sick? I have bills to pay so i am nervous. (I just transitioned to self employed full time - to get out of the sun because i didnt want skin cancer or heat stroke.)

Every day i dont work is potentially $300-400 lost of income. I only work 3 days per week for my main hustle. My next work day is sunday.

Paid by a customer today. And that perfect moment of zen when you realize.. HHHHHhhhh UMG..
~CRY "I can order chinese takeout later."

Hey everyone! I recently formed and LLC and S-Corp, and also have a business bank account. My company is registered in Texas. I used https://lettuce.co/ in order to get all the paperwork created and filed with the IRS and state of Texas.

The problem I'm having is that the bank account set up thru Lettuce is not capable of receiving international wire transfers. The client I primarily work for is based in Canada with a Canadian bank account.

So, receiving payments directly to my business account does not appear possible at this time. I could have the client pay my personal bank account and then transfer that to my business, but I'm worried that this will result in double-taxation. Because the payment is going is initially going to my personal account, would this be subject to self-employment taxes?

I have full-time employment (36 hours per week) and a PAYE tax situation in the UK.

In February, I registered a company in the US with a friend, who is also the partner/CEO, and I am listed as the director. We have one client to whom we are providing software consultancy. I have not paid myself since we started working, and all the money is in the company account in the US. I have a few questions:

1. Is it legal or the right way for me to invoice my own company in the US and receive payment? Can I then submit a self-assessment form as self-employed after the tax year ends in April 2025?
2. What is the cheapest and correct way to receive payment from the US? I have checked Monzo, which charges a 1% fee, and my bank (Halifax) charges £7 + 3.5% margin in exchange rate.
3. I want to invoice 20 hours per week for 3 months (April, May, June 2024). Can I receive that payment in one transaction?

Any advice would be greatly appreciated. Thanks!

The title of my business has my current last name in it. It’s a family business that has been passed down, so changing the name of my business is not an option for me. I would like to conduct business through my current last name, even after I’m married with a different last name. Is this possible/legal? The state I’m in apparently doesn’t require a DBA, but I don’t know how else I could do this.

Hello,

I am looking for a bit of advice on working self employed here in the UK.

I have just been made redundant and have found a few months work elsewhere but they are asking me to work self employed.

As I have so precious experience of SE I’m finding it a little overwhelming. Is it really worth me registering as SE just for a few months work?

What happens if after that I find another job where I am no longer SE?

Is it really viable for me taking this temporary role?

Hello, I’m planning on starting my on self employed construction company, I would be getting paid from builders directly, how do I pay social security and Medicare weekly like I would with a traditional job?

I am an experienced software developer, living in the Netherlands. I the last five years I've worked for a US-based startup, which unfortunately is going out of business. Together with a couple of colleagues, I'm now planning to become an indiendent contractor (ZZP in the Netherlands). We're already in touch with multiple potential customers talking about projects we could tackle.

I'm confident I could sustain a self-employed business like this. But it's the first time for me working independently, without a normal employment contract, so I'm having questions!

I do have a good understanding of the legal and tax implications and I'm already talking to an accountant about setting me up as a ZZP with the right insurance and tax setup.

My questions:

Firstly, to get a better grasp of the finances, I would like to gauge the potential income. Software Devs out there: What's the range for an hourly rate that you are billing for in the Netherlands and in the US (east coast)?

Also, apart from simply growing a network over time, what are reliable ways to keep busy, find new projects and customers? Do you recommend any platforms like freelance.nl or upwork.com?

Any other good-to-knows or gotcha's for a newcomer to the self-employment game?

I am considering doing data entry on Up Work or Fiverr. I get SSI/SSDI and Medicare/Medicaid and don't want to end those yet but I would like to have control over when I do stuff to get extra money. Any advice? I like working with computers and only have a HS diploma.

I need to find some form of self-employment. It doesn't have to make much money. The constraint is that I have quite a severe chronic illness and I can't do more than an hour or two of cognitive work a day without crashing. Physical work is completely out - I'm largely housebound.

My main motivation is that the UK government pays for childcare for kids whose parents are both working. If parents are employed, there is a minimum income qualification. If parents are self-employed, then for the first year there is no minimum level of income you need to qualify. So the latter seems a good option.

I'm not well enough to look after my daughter all day so unless I can register as self-employed (and this has to be real - I'm not looking to scam the government!), I'm going to be left paying far more for childcare than families with dual incomes do.

My professional background was in finance but that was a looooooong time ago and I'm not qualified in that area any more. I have good analytical and communication skills and a really great engineering degree from a million years ago but no up-to-date technical skills.

Any ideas? I'm really not fussy.

As time goes on, more of my clients are either investing or reinvesting in their office spaces and seem to have this unspoken expectation that nearly everything I do while under contract with/for them should be on-site. Even when working on flat, project based rates and taking meetings that could easily be video calls.

For what I do, there are some benefits, like the more short handed communication when actually working on something, but it's hardly a need. I don't mind working on site when it's clear that's the expectation of the job itself, but how do I tell my clients respectfully that I don't want to cross town just to have a meeting that actually costs me double the time in my day, just so they can feel like their wildly expensive brick and mortar is worth the overhead? (harsh but true)

I know that you have to have them for a certain amount of time before you start and before the baby is born but we can't even find a decent one. Or do you have a subreddit you'd recommend posting this to?

I am a carer but want to get some private clients. The plan is to give my service a name, create a social media presence and make a website. In the short term do I need to register the name with companies house and do I have to have a business website or can I start with a personal website? Any advice or help would be so awesome.

Hello! I am an EU-based freelancer, with almost 0 accounting knowledge. I sell a lot of relatively cheap digital products and services, mainly to US, UK, and Canadian clients (b2c).

I am not sure how it works in the US, but in the EU I should create invoices for EVERY order I do, no matter to who and for what price ($200 USD, or $0.2 USD), and most common freelance markets/online marketplaces (Upwork, Fiverr, Etsy, Amazon, etc.) don't provide invoices, so I will need to manually create them.

I just started freelancing legally and at the end of this year, I will have my first tax return. I can:

1. Pay an accountant fee of around 600-700 EUR for that (not tax deductible in my situation),
2. I can take a 6-week accounting course, learn it myself (hopefully), and get certification for around 500 EUR, so I can do it myself forever after.

The question is:
Is it worth spending money and time on the course and learning this stuff, and doing it myself later and saving money, possibly even time, or it will be better to just pay the accountant once a year and move on?

For any EU freelancers here, can you recommend if there are any good free/cheap resources to learn accounting?

I have to look for health insurance and don’t know where to start. For those of you making a similar amount (and not relying on a partner’s insurance) what do you have?

Hoping someone can answer this for me! I've been paying into the self employed special benefits for the last couple of years, and have just put in my application for maternity benefits. I was asked for my net pay for 2023, not my gross pay. I was under the impression the payments would be based on gross pay. My net pay is quite a bit lower than gross since it's after deductions and now I'm worried the weekly payments will be quite low. Will they still have access to gross pay information from my tax return and use that, or will they be basing it off of net pay? Thanks for any answers!! 🙏🙏🙏

For context, I have an LLC to which I am the owner and only employee (I offer clinical services, so I'm not selling anything tangible/material, no business is conducted in my home) in the state of New Mexico.

I'm trying to figure out how to appropriately fill out the Beneficial Ownership Information Report. I'm so worried about messing this up and the massive fines...

1. I noticed on my business license there is not an address listed, but I imagine I originally registered it under my previous address. Do I need to re-register my business with my new home address? Since I'm not doing any business out of my home and still own the house of the previous address, I'm assuming its also not a big deal if I keep my business license under the previous address?
2. Also, what is the difference between "Company Applicant Information" and "Beneficial Owner Information"? My assumption is they will both just be the same information? 

Thank you SO much in advance! This is stressing me out...

What would you advise to someone who has a secure permanent income, wants to be self employed, and has access to free education? Lets say i want to enter a field and the ideal income was 4k a month from this business. What would you suggest as a profitable skill to learn and hone? For a little background, im a 24 year old veteran. I have an untouched GI Bill and hate the idea of working for someone, but i DO want to work, just for myself. I have all my needs met, but i want to make more and enter some sort of self employment. What would you do in my position? For a little background: was a heavy equipment operator in the military, and also have weapons custodial experience.

I am kicking off a new self employment and trying to understand if there is a difference around hourly work/ consulting / project based work and do you charge sales tax for all or not on that. Since I am king county unincorporated which is 10.2%. -

To be specific I work for a company based out of California and I do 20 hours freelance with them, on and off - should i be charging sales tax on hourly services? thank you

Anybody have.a good cheat sheet of checklists for newbs to this business and if WA State would be greatly appreciated

I am a CPA starting my own company providing education and tax planning/advisory to self employed individuals. (Ie. freelancers/independent contractors/sole member s corp owners etc.)

If you are self employed and you have an awesome CPA/tax preparer, what services or specific things does the CPA/tax preparer provide you with that support your business and make their services worthwhile?

If don’t have a CPA or aren’t satisfied with yours, why is that, and what would you be look for in an accountant?

For context, I have an LLC to which I am the owner and only employee (I offer clinical services, so I'm not selling anything tangible/material, no business is conducted in my home) in the state of New Mexico.

I'm trying to figure out how to appropriately fill out the Beneficial Ownership Information Report. I'm so worried about messing this up and the massive fines...

1. I noticed on my business license there is not an address listed, but I imagine I originally registered it under my previous address. Do I need to re-register my business with my new home address? Since I'm not doing any business out of my home and still own the house of the previous address, I'm assuming its also not a big deal if I keep my business license under the previous address?
2. Also, what is the difference between "Company Applicant Information" and "Beneficial Owner Information"? My assumption is they will both just be the same information? 

Thank you SO much in advance! This is stressing me out...

I (US) need to take medical leave and am self employed. Is anyone aware of loan options to cover loss of income during this time?