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Freelance money, in plain English

Get paid. Set aside. Stay ready for tax day.

Plain-English money basics for freelancers, contractors and the self-employed: setting your rate, invoicing, self-employment tax, quarterly payments and the safety net a job used to give you.

How much to set aside? Quarterly tax dates

Invoice #1042 paid$2,500

  • Tax account (25%)$625
  • Business costs$250
  • Pay yourself$1,625

Next estimated tax payment: check the calendar

An illustrative example. The right set-aside depends on your income, deductions and state.

Start with one of these

CalculatorTax set-asideHow much of each payment to put aside. CalendarQuarterly datesWhen estimated taxes are usually due. ChecklistFreelance MoneySixteen basics to run it like a pro.

15 freelance money guides

Set up right

Price and get paid

Taxes

Protect yourself

Free download, no email needed

The Freelance Money Workbook

Work out your rate, log income and expenses, track your tax set-aside, follow up on invoices and close out the year with a checklist.

Get the free PDFSee the Freelance Money checklist

Coming soon

Your freelance money admin, sorted

Freelance Money Kit: a spreadsheet and templates for the money side of freelancing: income and expense tracking, a tax set-aside sheet, an invoice template, a rate calculator and a simple contract checklist.

$15 once, for the whole kit. 30-day refund.

See what's in the kit