Budgeting for tax season can be the difference of an incredibly stressful tax season vs using your refund to take some time off and travel. Unfortunately, most of us tend to experience the stressful version of tax season. Budgeting is one of the most effective ways to relieve that stress. Have a game plan for the year and really stick to it. Here are 4 practical steps to take and budget for taxes:
As Ben Franklin said “Beware of little expenses. A small leak will sink a great ship.” This is not to say your freelance business is going to sink by any means but just a friendly reminder that it is important to track your spending especially right now as many of us are trying to think of all the business expenses we can file for our taxes.