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What Is Overhead in Business? A Plain-English Guide for the Self-Employed
Overhead is the ongoing cost of running your business, separate from project…
What Is a Tax Write Off? A Plain-English Guide for the Self-Employed
A tax write-off is a business expense that the IRS allows the…
Roth IRA vs Roth 401(k): Which Is Better for the Self-Employed?
You finally had a profitable year freelancing, your accountant mentioned you should…
What Is Gross Income? A Plain-English Guide for the Self-Employed
Gross income is the total money your business takes in before you…
What Is the Qualified Business Income Deduction? A Guide for the Self-Employed
Your accountant mentioned a "20 percent deduction" you might qualify for, and…
What Is a Cash Flow Statement? A Plain-English Guide for the Self-Employed
A cash flow statement is a plain financial report that tracks the…
What Is a Balance Sheet? A Plain-English Guide for the Self-Employed
A balance sheet is a financial snapshot that shows what your business…
What Is a General Ledger? A Plain-English Guide for the Self-Employed
A general ledger is the master record of every financial transaction your…
What Is a Proforma Invoice? A Plain-English Guide for Freelancers
A proforma invoice is a preliminary bill of sale that you send…
