When you stay on top of your freelance finances throughout the year, you’ll always know exactly how profitable your business is. Plus, “tax time” will be a lot less stressful.
You’ll have your expenses outlined, receipts ready, profit and loss numbers handy, and anything else your tax code requires.
Some freelancers use spreadsheets and notebooks, while others use apps like FreshBooks, Bench, or Ballpark to keep things sorted out.
Regardless of your bookkeeping method, here are a few tips and tricks that will keep your records in order and ensure you’re ready for whatever the tax man may throw at you.