What should I think about for a home office? You may be able to barter your creative or technical skills for such a service. It may be beneficial to have a financial professional get you set up when you begin your business. If you’re familiar with accounting systems, you may be able to do what you need to do with an Excel spreadsheet, but if you’re new to doing your own accounting, your best solution may be to pay for a software package that has a good Help file and free phone support. Many freelancers use a simple computer system such as Quicken to keep track of their business income. You don’t need a degree in accounting, but you do need a basic understanding of what records to keep. Sloppy bookkeeping is a major reason why small businesses fail! As the owner of your own business, it’s important for you to keep accurate records - not only for tax purposes, but also so you know which clients have paid, and so you can review your work to determine which clients and jobs have been the most profitable for you. What do I need to do to set up a basic accounting system? If you hope to do this, do your research and consider consulting a tax pro (maybe as a barter arrangement for designing a flier or website!). Be aware that while most businesses don’t show a profit in the first year, the IRS prefers that you show one in three years out of five - otherwise, your business may be reclassified as a “hobby.” The IRS has strict rules for claiming deductions for a home office. So, it’s important to keep good records of your work-related expenses, which can be deducted against your income to produce the profit (or loss) for the business for the year. Your freelance income is reported on Schedule C, and you pay a higher tax rate (“self-employment tax”) to make up for the Social Security contributions an employer might pay on your behalf. That means you’re responsible for setting aside some of those earnings and paying your own taxes. In general, freelancers are considered “independent contractors” under federal tax law, and do not have taxes withheld from their earnings, which are reported on Form 1099. Support you, as well as being part of Boldly's vibrant team culture.How do you manage your freelance practice: What do I need to know about taxes? You'll always have a team behind you, with your Boldly team leader on hand to You'll soon get started supporting one or more of Boldly's clients and building a long-term working Enjoy Boldly’s team culture while doing work that inspires you.Speak to them to verify that it's a good match, before you start supporting them. Suggest clients for you to work with that are a good match for your interests, and availability. Finish onboarding and choose companies to supportīoldly has a waiting list of businesses eager to work with us.You'll open the door to a job that most people can only dream of. You’ve got what it takes to uphold Boldly's reputation for premium service. Representing Boldly and supporting top companies from your home office means you’ll need to show us that Ultimately, we’ve found that this process lends itself to wonderful long term partnerships because what better than supporting people and organizations you have an affinity with! ![]() This of course goes both ways - the client will also determine if you are the right person for the job. This means that before beginning work with a new client, you'll first meet with them to determine if it’s a good match. Our approach is highly personalized, carefully matching team members with companies and nonprofits based on skills and personality for a winning long-term relationship.Īt Boldly, you get a chance to choose the clients you work with. You are a Boldly employee and team member, and while you are assigned to work closely with the business leaders at the companies you'll be assisting, you are still very much a part of the Boldly team, supported by your team leader and our culture of caring, camaraderie and team spirit. Here’s how it works: as one of Boldly’s team you’ll support 1-3 of Boldly’s executive clients on a long-term basis, usually 2-3 years each. Boldly employs senior, experienced, and highly-skilled remote staff across a variety of disciplines like executive assistants, marketing, project management, and more. Boldly is an award winning executive assistant company hiring talented individuals who want a rewarding long-term career making a difference at companies they are passionate about.
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