Income Tax on freelancers

Income Tax on freelancers

Quick summary:

1. Benefits of Filing Your Income Tax as a Freelancer  Filing your income tax as a freelancer has many benefits.

2. Complete and File Your Tax Return: Once you have calculated your taxable income, you can complete the appropriate tax forms and file your tax return.

3. Determine which Tax Forms you Need to Complete: In most cases, freelancers are required to file a self-employment tax return, which is different from the tax return that employees fill out.

4. We will discuss the various tax obligations and requirements for freelancers, how to track and report your income, deductions, and exemptions you may be eligible for, and strategies for maximising your tax savings.

5. As a freelancer, you are responsible for filing your income tax return each year

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