Re:I don’t want to grow my freelance design studio into an a...
by Tokumei-no-hito on Monday September 04, 2023 @09:40AM
(#37380369)
What do you mean by this? When I was freelancing the taxes were very steep (US). I felt the system promoted people working for corps.
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Re:I don’t want to grow my freelance design studio into an a...
by csomar on Wednesday September 06, 2023 @02:07AM
(#37401799)
It means you are not "expensing" or deducting everything possible. Technically, yes, your only expenses are a laptop. But a good account will find way more: home office, legible meals or travels, investments, etc.. This should reduce your tax bill. You should never pay over 10% total, otherwise you are not maxing the system.