Year End Financial Tips for Freelance Writers
The end of the year can be a hectic time for freelance writers. In addition to the holidays, you must take the time to look back at the past year while also looking forward to what the future holds. Although this may sound stressful, it can actually be quite exciting.
Here are three year end financial tips for freelance writers:
1. Begin to gather all appropriate tax information for 2011. While your final return is not due until April, this will sneak up on you in no time at all. There is no better time than now to begin the planning process. If you work one step at a time, you will slowly but surely get together everything you need in order to file your return.
2. Look back at 2011. Did you reach your financial goals? Did you come up short on some of them?Â It is important to review the past 12 months to ensure that you are moving in the right direction when January finally rolls around. This will put you in better position to focus on new goals while helping avoid issues that may have held you back during 2011.
3. Write down what you expect from yourself and your business in 2012. Are you attempting to reach a particular level of income? Are you looking to save more money? Every freelance writer has professional and financial goals. It is important to make note of these before the new year begins.
It is important to focus on growing your freelance writing career. Just make sure you keep at least one eye on your financial situation as well.