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Taxes: The IRS introduces the 1099-K (AKA PayPal 1099) from your online payment provider

by John Coates  |  January 9/2012  |  , , ,
form

If you’re a small business and receive funds via credit cards online, or other online payments from your clients, you can anticipate receiving a 1099-K this coming tax year. The 1099-K is the IRS’ latest tax form for small business, which is provided directly to the IRS from your online payment provider (such as PayPal). …



Pricing too low can be as bad as pricing too high

duct tape

When freelancers know they’re competing with others for work, there may be a tendency to provide a lowball quote to secure it, but freelancers need to keep in mind the old saying “you get what you pay for.” Clients certainly are. Although it may seem like a good idea to offer a very low quote, …



Infographic: Freelancer Tax Guide

Infographic: Freelancer Tax Guide

Note: For United States based businesses Freelancer Tax Guide (click to make larger, available in PDF here) facebook Recommend on Facebooklinkedin Share on Linkedin


Worth the watch: IRS Tax Workshop

by Kasey Bayne  |  April 7/2011  |  , , ,
Worth the watch: IRS Tax Workshop

What’s just around the corner? Taxes! However, this year, you’ve decided to check out the IRS Small Business/Self-Employed Virtual Tax Workshop (about 9 Videos). It’s a great way to find out about tax regulations and tips for your business, especially if you’re new to the world of business ownership. In a word, this workshop is …



Taxes: Writeoffs for Freelancers

by John Coates  |  April 6/2011  |  , , , ,
Taxes: Writeoffs for Freelancers

Want to send a group of freelancers running for the hills? Easy – just tell them it’s tax time. If your freelance career doesn’t involve accounting (or numbers, really) in any way, shape, or form–or you managed to get away with skipping all of your econ classes during college–then this guide to write-offs is definitely …



COGS! Huh! What are they good for? Showing real value.*

by John Coates  |  April 5/2011  |  , , ,
COGS! Huh! What are they good for? Showing real value.*

*Sung COGS is not just another complicated accounting term that’s on your tax forms, they’re actually fairly simple to understand (and you can record them in FreshBooks). What are they? COGS stands for Cost of Goods Sold, which essentially explains what it is. This means that for something you sell, COGS is the cost that …



Making expense deductibles a piece of cake

by Guest Author  |  April 4/2011  |  , , ,
Making expense deductibles a piece of cake

Contributed by FreshBooks customer Mariette Knoblauch. For a Canadian perspective, please read ThatBookKeeper’s post on FreshBooks and Taxes. List of Expenses - Taxes - FreshBooks As you’re getting ready to file taxes this April, you’re probably …



How to work with an accountant

by John Coates  |  March 4/2011  |  , , ,
How to work with an accountant

Certified Public Accountants (CPAs or CAs) can be beneficial to your company in many ways you may not have considered. Your accountant will serve as your primary source of financial guidance for your business, offering assistance in a variety of areas that your business may or may not need. Before you begin to work with …



Tax organization tip: Set up expense categories

Tax organization tip: Set up expense categories

shoebox of receiptsDo you always ask yourself is this a business expense or not? And is it deductible? It’s a common question, especially as tax resources can be a little vague with definitions or by using obscure examples not relevant …



Why Should I Hire A Bookkeeper?

by Guest Author  |  January 19/2011  |  , , , ,
Why Should I Hire A Bookkeeper?

Guest Blogpost by Eric Mathews, author of thatbookkeeper.com. Why I should hite a bookkeeperDuring the 34 years I’ve been around, I have come to the realization that I am an anomaly. When I was 14, and my friends were sleeping in or …




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