Please email me, David Chudyk, with any questions, or if you just want to connect: [email protected]

Takeaways:

  • Freelancers and independent contractors have more control over their work compared to employees.
  • It’s important to remember that freelance income is subject to self-employment taxes, unlike W2 income.
  • Planning for irregular cash flow is crucial for freelancers and independent contractors.
  • Independent contractors can deduct business expenses, which can lower their taxable income significantly.
  • Having a good relationship with a tax professional is essential for managing freelance income.
  • Freelancers must handle their own training and professional development expenses, which can add up.

Links referenced in this episode:

Mentioned in this episode:

Inside the Mind of an Aquirer

Weekly Wealth Website

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Episode 213 - Diving into Asset Classes: What You Need to Know
Ep 215: Who is David Chudyk and what does he do?

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