Sweet

That's a 🌯 with the first Tax Hacks workshop for the modern maker, creator, and hustler... We have more sessions upcoming, just visit >> https://lu.ma/taxhacks #freelance #tax #entrepreneur

In this quick workshop we'll cover everything you need to know about taxes if you're self employed -- and how to pay less of them We'll cover... - How Self Employment Taxes Work 101 - Finding More Deductions - LLC, Sole Proprietor, or S Corp? - Tax Strategies for Self Employed People

Learn the secrets to keeping more cash in your wallet—join us for a free, no-BS tax strategy session. ✅ How Self Employment Taxes Work for Realtors ✅ How to Find More Deductions & Save $100-200/mo. ✅ What to form: LLC or S Corp? ✅ Money-Saving Tax Strategies for Realtors Brought to you by Sweet, your virtual accountant that tracks, calculates, and files your taxes in real time. Sweet syncs with your accounts and uses AI to find all possible tax deductions.

~Real World Money Tips They Don't Teach in School Part 1~ Opening a High Yield Savings Account can make you money and save you money. Don't let cash sit idle in a checking account or regular savings account. Put it in a HYSA (like Marcus by Goldman Sachs for example) and earn interest on your balance. Once it's out of your checking, you're also less likely to spend it. One good strategy is to check your upcoming taxes due on Sweet, and transfer that to a savings account. You'll earn interest on your tax payments and make sure you'll always be able to pay at the deadline -- avoiding those penalties. Comment or DM us to get access to the Sweet beta 📲 (Disclaimer: we obviously don't condone not paying taxes. This post is strictly for informational & educational purposes) #freelance #selfemployed #realtor

~Tax Tip Tuesday~ Most people don't know this. Our founder Toni Witt didn't know this either for his entire freelance career. If you're self employed (anyone that doesn't get a regular paycheck) -- you actually get a penalty if you don't pay taxes quarterly. Yep. The IRS does not want your money just once a year. As a W2 employee, your employer pays tax on every paycheck to you. If you're self employed the IRS doesn't get this consistent income. The quarterly tax system is their solution. It's based on a % of what you owe but will usually run people an extra $100-200 per year. Sweet will help you avoid that by filing your quarterly estimated taxes automatically. Leave a comment or DM us to join our beta ⬇ #freelance #realtor #selfemployed

Sneak peek of our first upcoming workshop on self employed taxes... That's right. Einstein said this. Don't look it up. When: October 17th 12pm ET Where: https://lnkd.in/gdUR6TXn What we'll cover: - How self employed people get taxed - Deductions & how to reduce your taxes - Tax strategies for self employed people Who is this for? Anyone with side hustle or 1099 income - real estate agents, estheticians, DoorDash drivers, podcasters, photographers... #selfemployed #freelance #realtor Toni Witt, Matthieu Silberstein, Femi Odugbesan

My Terrible Experience with Taxes My First Year of Self Employment (a story from Toni Witt)... About two years ago, I dropped out of university, moved across the world, and became a freelance journalist. The hardest part? Taxes. If you’re self-employed, you know what I mean. Taxes always come at a time when there’s so much going on in life and the last thing you want to worry about is numbers, statements, and little rules that end up losing (or making) you thousands of hard-earned dollars. I eventually found TurboTax self-filing. A CPA was just too expensive for me. And TurboTax did lead me through what I needed – and it didn’t take too long. But I still felt blind. TurboTax was leading me, like a donkey, and I ceded control of the situation, which didn’t sit well. I also realized that there were many things TurboTax didn’t help me with: I should have been keeping track of my business expenses throughout the year and keeping receipts (there were a ton from the early months of the year that I didn’t remember if they were business or not) I took a few deductions that were, at best, questionable. I had no idea if I would get audited. I heard horror stories from friends and lost sleep over that. I missed a TON of writeoffs that I didn’t know about. I ended up overpaying by more than $1700. And to top it off… I couldn’t actually pay that tax bill. I didn’t do a proper job at saving my paychecks, and had to ask my family for a small loan. Not a fun call to have… That led to me taking a much deeper look at my finances and realizing how screwed up they were – and taking steps to make them better: looking at my top spending categories to reduce them, creating a HYSA savings account, keeping only what I needed in my checking. Fast forward two years, the whole experience led me to starting Sweet – a one-stop-shop that helps self employed people track expenses, stay on top of their finances, find ALL possible writeoffs, file taxes, and more. I really wish I had Sweet two years ago so I could focus on my freelance journalism work. If you find any of these things relatable, I’d be delighted to show you our platform 1:1 to see if it can help you. What about you? I’m very curious to hear your self-employed tax stories, tips, and strategies. #selfemployed #realtor #tax #entrepreneur

Knowing how much to save, how much to put away for taxes, and how much to pay yourself as a solopreneur isn't obvious. So we asked a dozen financial advisors and made a calculator based on their advice to help you figure it out ⬇ https://lnkd.in/gUwk9isM #sweetlife

Calling all Chicago or NYC-based freelancers 📣 We're giving away a trip to Aire Ancient Baths for one. All you have to do is join our waitlist and refer two other self employed entrepreneurs to qualify. The waitlist 👉 verysweet.co #freelance #gigwork #selfemployed #entrepreneur

"50% of U.S. workers are becoming freelancers, and that number is only growing." "It’s imperative that people understand Gen Z is moving toward a freelance economy. The winners will build tools to support this future workforce." - Kelsey Davis, founder and CEO, CLLCTVE