The 1099 Surprise
A lot of freelancers get their first real tax shock in April.
They saved a little for regular income tax, but forgot about self-employment tax. That is when the IRS bill suddenly feels much bigger than expected.
If you work for yourself, this tax is not optional. It applies to freelancers, contractors,…
The 100% Illusion
One of the biggest traps in self-employment is what I call the 100% Illusion.
A client pays you $5,000, and your brain naturally wants to treat it like you just made $5,000 to spend. But if you are a freelancer, contractor, consultant, or solo business owner, that check is not fully yours.…