Editor’s Note: this article compiles parts 1-4 of Kathy’s “How I Doubled My Freelance Income in Two Years” series that ran this week from Tuesday through Friday.
No one needs a reminder that it’s tax time.
We Canadians don’t have to file until April 30, but that doesn’t lessen the sting for those of us who actually work for a living — especially if, like me, you run your own business.
My accountant just gave me the “good news, bad news”:
The bad news is, I owe a low five-figure amount to the taxman right now. I’ll also have to cough up quarterly payments this year on top of that — something I normally don’t have to do.
That’s because — and this is where the good news comes in — as a freelance writer, I earned more in 2013 than I ever did before, even when I was working at a “normal” cubicle job.
Throughout this week, I’ll try to explain (to you and myself) how I went from making an average to an above-average income.
Believe me, none of these “lessons” will be terribly earth-shattering.
I certainly can’t promise that they’re universally applicable, either, or will even still work for me in six weeks or six years.
That said, they may still provide some food for thought at a time of year when we’re all forced to review our own individual bottom lines.