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Freelance Writers should hire a Tax Professional

A lot of you guys and gals have asked for more advice on tax related subjects. While I do know a thing or two about this through firsthand experiences, I am not a tax professional. For this reason, please note that my advice may not pertain to your situation.

In my opinion, it is a good idea for all freelance writers to hire a tax professional. Early in my career I was unsure of what this could do for me. But once I hired somebody to help with my taxes I quickly realized that it was one of the best decisions that I ever made.

With a tax professional on your side the money aspect of your career becomes much easier to deal with. Imagine how difficult it would be to file your own income tax return as a freelance writer. Is it possible? Most definitely. That being said, it is also very difficult. You may know the basic details of doing this, but a tax professional has the experience to help you save money in a number of different ways.

In addition to helping you file your year end return, a tax professional can also assist in many other ways. For instance, freelance writers have to pay quarterly taxes. After all, you no longer have a paycheck that money is being withheld from. Once again, your tax professional can help you set this up. Along with this, if you ever have any questions about your career and how it pertains to your tax situation you are only a phone call or email away from a qualified answer. There are always a couple times each year when I call my tax professional with a question that has me stumped. Once I get off the phone I feel much better about everything.

If you are new to freelance writing think about hiring a tax professional. This is one person that you definitely want on your side!

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1 Comment »Freelance WritingNovember 25th, 2009

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