Comments on: Tax Tips & Tools for Web Workers

By: Char

Char — Wed, 30 Dec 2009 19:29:07 +0000

If I remember right I put them under other but with a detailed description to go with them.

By: Sandra

Sandra — Wed, 30 Dec 2009 17:31:20 +0000

Would you put these expenses for hosting, stock photo, productivity tools, etc on Schedule C under “Commissions/Fees” or categorize them under “Other”? Thanks!

By: Anthony

Anthony — Fri, 06 Mar 2009 19:17:19 +0000

Great tips, thanks for the article!

By: Clichey

Clichey — Thu, 05 Mar 2009 12:47:12 +0000

Though tax planning is extremely important, another aspect we should keep in mind (particularly for SME’s) is to cut down on cost. For the very same purpose using an online invoicing application to generate invoices reduces cost dramatically. Though I have been using http://www.invoicera.com/ for my business, there are many other similar applications as well.

Cheers

By: marke

marke — Mon, 02 Mar 2009 18:51:27 +0000

nice article, good timing. i recently hooked up with mint.com, and are blown away on how great it is. anyone looking into organizing finances should give that service a whirl.

and, its free.

By: inspirationbit

inspirationbit — Mon, 02 Mar 2009 17:01:43 +0000

great tips, Char. Thanks for putting them together for us. I’m too collecting all the receipts in one box and then once a year going through them, but now I think for the next year I should start filing them as they come into my spreadsheet from the beginning rather than piling them up.

I hate this tax paperwork, so far I’m happy with my accountant whom I meet once a year, give him all my papers, tax-related info, expenses, and he files the taxes on my behalf through his system, and gets back to me with the copy of my tax file. I pay him only $150 which I’m also deducting as a business expense.
I too should look into trying FreshBooks, everyone is raving about them.

By: Randa Clay

Randa Clay — Mon, 02 Mar 2009 15:32:05 +0000

Great post. Perfect timing. I’m only a couple of years into this, and am always looking for better ways to manage and organize. I’ve been just using Excel, but might think about trying FreshBooks.