Self employment taxes are never fun. And if you’re a freelancer or entrepreneur, things get even more complicated. There’s self-employment tax to be calculated, business expenses, and accounting to think about. It can be a little confusing, and even overwhelming.

Don’t worry. Once you understand the basics, and become familiar with a few best practices, it’s not so bad. You’ll probably even save a little money — and who doesn’t like that?

Things have come a long way since excel spreadsheet and paper invoice. There’s a lot of new tools and systems out there that can make things a whole lot easier. There’s more info available than ever before to help guide you, and we hope this quick guide will get you started on the right track when looking at your taxes for freelancers.