Paying taxes may be a groan-worthy concept under the best of circumstances – but it’s a whole other ball game when you’re self employed. No longer relegated to springtime tax season, freelancers need to keep their tax requirements top-of-mind year-round. We’ve got a few pointers to help you navigate the world of receipt hoarding, harmonized sales tax and write-offs with a little less pain – and potentially more profit for you!
Being your own boss certainly comes with some sweet perks- nothing beats creating your own schedule and choosing your work. But self employment can leave you more vulnerable in times of need, and present unique challenges if you’re looking for some extra cash. Fortunately, you are still eligible for employment insurance and loans – the key is to be prepared.