Self-Employed Taxes: What Freelancers NEED to Know

What every freelancer and self-employed earner needs to know about taxes and quarterly payments! With a 1040-ES, we have to pay estimates four times a year and pray that things work out in the end. Learn how to set yourself up for a happy(ish) tax year with accurate estimated payments every quarter. In today's video, I'm sharing a story of the time things went terribly wrong and landed me with a huge surprise tax bill in April, and what I've done so that it never happens again! PLUS, I'll talk through three freelance tax tips from my tax accountant. ---------------------------------------- Happy #FreelanceFriday! TIME STAMPS: 0:00 - Intro 0:40 - Story Time (My Screwup) 1:36 - Quarterly Estimates (1040-ES) 3:43 - My Solution 5:27 - 3 Tips from a Tax Accountant 8:13 - Controversial Idea: Pay the Penalty? ---------------------------------------- (Affiliate links below - thanks for supporting my channel!) — My work-at-home must-haves: Blue blockers: https://amzn.to/35HD9CV Bullet Journal: https://amzn.to/2Eax4U6 Moka pot: https://amzn.to/3kpDJJA Laptop sleeve: https://amzn.to/32HlhpX External hard drive: https://amzn.to/2FxqqIq -- Work with me: http://bit.ly/hirecarrieblogger -- Learn from me: http://bit.ly/carriebloggercourse -- Sign up for Fiverr: http://bit.ly/joinfiverrcb -- Subscribe to my channel: http://bit.ly/subcarrieblogger -- Shop my freelance merch (!!) http://www.teespring.com/stores/carri... -- Music from Epidemic Sound: https://www.epidemicsound.com/referra... ---------------------------------------- Hi! I’m Carrieblogger, a full-time career freelancer on Fiverr Pro. Since I started in 2013, I’ve built up a sustainable, consistent business with a six-figure annual ‘salary’. I work as a copywriter and branding consultant for small to medium-sized brands around the world. Let's talk freelance taxes, how to pay freelance taxes, info about taxes for freelancers, self-employed taxes, self employed tax, quarterly tax payments, estimated tax, how to pay quarterly estimates, tax nightmare, tax tips, 1040-ES, 1099, Schedule C, how to pay taxes, how to save on taxes, tax help (Bring on the keywords...) Learn how to make money online and work from home as a freelance copywriter like me! Whether you're building a freelance copywriting business or selling another skill online, freelance platforms like Fiverr are changing the future of work. Now you can monetize your talent and learn how to work from home. Freelance copywriting on Fiverr is my absolute dream job - hands down. Every #Freelance Friday, I share freelancing tips, freelance advice, advice for freelancers, Fiverr tips, Fiverr advice, advice for Fiverr sellers, Fiverr business tips, and a look inside my freelance lifestyle as a solopreneur business copywriter. It's a blast!