Avoiding Freelance Tax Penalties With Accurate Forecasting
Fin helps freelancers forecast contracts vs expenses, revealing potential shortfalls. Plan ahead with 12-month net profit projections to avoid overpaying taxes & ensure cash flow stability.
Calculating your taxes as a freelancer can be a daunting task. Often times we don't know exactly how much we will make come year end. If you overpay early in the year, it can leave you short on cash at the end, with no refund until the following year. What's a freelancer to do? This was one of the major reasons I built fin. It helps you forecast your contracts against your expenses to see the reality of where you will end up. Important note, this is does not constitute financial advice. The exact amount you will owe for taxation is based on many factors so ultimately you should review this wit...