Freelance Writers: Tax Advice from a Professional & a Special 1-Day Offer (4/15 Only)

April 15, 2010

It’s April 15th, Tax Day in the U.S. Yoohooo.

NOT!

Who likes paying taxes? Not me. To help you out, below you’ll find some info from a tax professional for freelance writers and other independent professionals. I also give you a tip I use every year that helps me with my taxes. .

3 Tax Tips from a Tax Professional for Freelancer Writers and Other Independent Contractors

I received the following info from a tax professional in response to the post, Freelance Writing Business Tax Tips: 4 Things You Can Do to Make Filing Your Taxes Easier.

Hi Yuwanda,

tax-tips-for-freelance-writersTax time starts now (at the beginning of the year) for freelancers and self-employed professionals and many are worried about properly filing taxes on their own. Outright.com, the free online financial management platform, is here to help during tax season with simple advice and can’t miss deductions that will help you save money now.

Outright.com’s CEO, Kevin Reeth, a tax and entrepreneur expert, has some quick and easy tips . . . to simplify tax time and make sure they’re taking advantage of all the available deductions.

Kevin recommends:

1. Set Deadlines: Create a specific calendar for tax related deadlines. One of the biggest adjustments to life as an entrepreneur is keeping track of all the different tax-related deadlines and missing any key dates can cause you to pay some hefty penalties. Outright.com provides an online calendar that can be added to Google, Outlook and iCal calendars: https://secure.outright.com/tax_calendar.

2. Don’t Overlook Deductions: Don’t forget those deductions that too many overlook. You can deduct $.55 cents for every mile traveled for business in 2009 – that can add up quickly. Plus, the IRS has relaxed some of the eligibility rules for claiming a home office deduction. So long as you use a dedicated space in your home exclusively for business, you can write off a percentage of large expenses like rent, heat, electricity, water, insurance, etc.

3. Stay Organized: The worst possible thing would be to miss out on any deductions due to disorganization of records. Be sure to set aside a specific place to collect and group everything tax-related, whether it’s a filing cabinet, a shoebox or an online service. Having everything together will ease the stress of tax time.

In addition, Outright.com has launched a one-stop platform for all things tax-related on www.righttaxesnow.com. Filers can get questions answered by a community of bookkeepers and keep track of the can’t-miss deductions that are easily overlooked. And to make tax time even easier, Outright has just launched a new automated1099 filing service so busy business owners have one less stress to deal with during tax time.

How to Buy Time for Filing Your Taxes If You’re Unorganized and/or Just Need More Time

I just want to add one tax tip for those who are unorganized and/or not sure about which deductions they can take. File a tax extension. I do it almost every year (for some reason, April 15th just comes too quick for me). 

It only takes about a minute (it’s one form) and will give you anywhere from 4 to 6 months more time to get your tax house in order (eg, locate and categorize receipts, get tax advice, etc.).

Happy Tax Day Everybody (If that’s not an oxymoronic statement, I don’t know what is!).

Now for the really good stuff . . .

Special “Tax Day Stimulus Plan” for Freelance Writers

I’ve put together a special offer for you to make this day a little more palatable — one that can help you “stimulate” your finances, so to speak. I should have thought of this sooner, but it just occurred to me today, so forgive the last-minute nature of this offer.

For today only (4/15) from 12 noon EST to Midnight EST, you can get 7 ebooks on freelance writing for just $27. That’s $10 off the regular price of $37, which it will revert to at the stroke of midnight tonight.  And, you’ll receive two FREE bonuses as well.

You will receive the following 7 ebooks:

freelance-writer-stimulus-packageHow to Really Make a Living as an Editorial Freelancer: In this ebook, editors, human resources professionals, managing editors & editorial directors – ie, those who hire freelancers – were interviewed. They reveal exactly what you should do to get them to call you.

Advice from Successful Freelancers: How They Built Their Biz & How You Can Too! This ebook features interviews with real editorial freelancers who divulge how they got started; why they decided to go out on their own; how they acquired clients; advice to newbies entering the field — and more.

How to Get Your Biz on the Web Quickly & Affordably: An Easy-to-Follow Guide in Plain English for Those New to Internet Terminology & Web Technology. Be on the Web in less than a week — really!

 The Small Biz Owner’s Completing Marketing Kit: No matter what type of business you have, you must market to be successful. In this ebook, 7 free & low-cost, easy-to-implement methods are discussed. Learn how to increase sales w/very little or no money (samples are included every step of the way).

How to Break into Medical Editing/Copyediting:  Many freelancers wonder about this very lucrative niche. This ebook answers such questions as: 1) How to break into medical editing/copyediting; 2) How much you can expect to make; What skills are needed; etc.

Everything You Ever Wanted to Know about Article Marketing: Results of a 30-day Article Marketing Experiment.  I conducted a 30-day article marketing experiment and chronicled the boost to my income. The following questions are answered: Is article marketing profitable; how it works; which sites work best; how often to submit; how much money you can make, etc.

7 Ways a Freelance Writer Can Expand Your Profits – No Matter What Your Business Is! I got the idea for this ebook when I wrote a few “prospecting” ebooks for clients to give a way to their customers. It is the perfect FREE giveaway to send out to potential clients, or to build your subscriber list; send to contacts you make at networking events; etc.

BONUS #1! From Startup to Success. I receive many inquiries about how I started my freelance career.  In this in-depth report I answer such questions as how I acquired my first clients, what I did when I lost my biggest client two months after quitting my job, how I financed my first business — and more! Additionally, I outline 7 tips for aspiring & existing freelancers.

BONUS #2! How to Make $100/Day as a Freelance Writer — Relatively Easily! This report details 4 simple steps to take to ensure that you make — at least — $100/Day. When I first published this report, many freelance writers said that $100/day was was “lowballing.” One freelancer remarked, “$500/day would be more like it. $100/day is the low end of what you should be making as a freelance writer; many charge this per hour.

HOW TO TAKE ADVANTAGE OF THIS OFFER

Simply click here. When you click on the “Add to Cart” button, the it automatically reverts to the $27 price, NOT the regular price of $37, so ignore that price. Remember, this offer is only good for today, April 15th.
###

Yuwanda
P.S.: Find this post informative? Follow Inkwell Editorial on Twitter.

seo-copywriting-trainingSEO Copywriting Training — Class is Now OVER Half Full. The next SEO writing ecourse commences on April 26th. As of today, there are only 7 slots remaining. You’ll learn 4 ways to make money online using your newly acquired skills. Get full details on the SEO copywriting training this ecourse offers.

P.P.S.: Want an easy, fast way to get started in affiliate marketing, making as much as $50, $100 or $150/day?

Get How to Make Money Placing Ads on Free Classified Ad Sites (ie, Backpage.com). If you want to make some easy money promoting affiliate products on free classified ad sites, this ebook is for you. I’ve personally sold tens of thousands of dollars of e-products (my own and affiliate products) doing this since January 2009.

Copyright © 2010: All material on this site is copyright protected and cannot be reproduced in any manner whatsoever without my written consent (linking to is fine).


Related Posts

Financial Advice for Freelancers: How to Keep More of What You Earn, Get Paid Regularly, Estimate What You’ll Owe in Taxes & More
Freelancing and Taxes: 6 Simple Tasks You Can Do Today to Make Next Year’s Tax Season a Breeze
Freelancing and Taxes: Info on How to Avoid an Audit, How/What to File if You Live Abroad & More
Social Media Marketing: A Pro Dispenses Advice to Freelance Writers on What It Takes to Successfully Offer This Service to Clients
Freelance Writing Business Tax Tips: 4 Things You Can Do to Make Filing Your Taxes Easier

Share and Enjoy:

These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google


One Response to “Freelance Writers: Tax Advice from a Professional & a Special 1-Day Offer (4/15 Only)”

  1. Editorial Professionals (Writers, Editors, Publishers, Etc): When & When Not to Join Forces w/a Competing Biz : Inkwell Editorial says:
    April 15, 2010 at 2:20 pm

    [...] POST! Get tax day tips for freelance writers (and other independent contractors). You’ll also find a 1-day offer — sort of an [...]

Inkwell Editorial

Learn how to start a career as a freelance writer -- full-time or part-time. These instructional guides on freelance writing teach you everything you need to know. You can get started right away.

Inkwell Editorial

How to Start a Successful Freelance Career Newsletter: Get concrete specifics on how to start, grow and run a successful freelance writing career.