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January 8, 2021

A Complete Tax Guide For Freelancers

Lili Editorial Team

More than 70% of freelancers overpay their taxes. Don't be one of them!

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Taxes is not the most exciting of topics, but it is usually the #1 source of headaches for the freelance workforce. So much so that a recent study found that almost 75% of freelancers overpay their taxes. So put down the aspirin bottle and get ready for a refund – in just a few minutes, it will all makes sense and you’ll know how to do it right!

Because whether you file your taxes yourself or use a professional accountant, it’s crucial for freelancers to understand how their taxes are calculated to better prepare and optimize their tax liability.

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A break down of how the various elements from the stimulus packages of 2020 (PPP, PUA, stimulus checks...) will impact freelancer's taxes this year.

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Have you ever found yourself surrounded by fellow freelancers talking about tax deductions? Were you the one politely nodding your head while having no idea what they were saying? Then you should read this.

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Now that you've accepted the promotion to CEO of your own life, it’s up to you to figure out how to get the good folks at the IRS their taxes in due time. Which brings us to the head-ache inducing issue of Estimated Tax Payments. 

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We keep telling you Lili’s tax tools can save you time and money. Let us show you exactly what we mean.
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Lili Editorial Team

Banking Designed for Freelancers

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