InvoiceNet’s Post

Hey small business owners and freelancers! 💼 Did you know that even if you didn't get a 1099, any income you receive is still taxable? Make sure to report all your earnings accurately! 🔎 #TaxFacts #SmallBusinessOwners

Experience Hassle-Free Account Opening Tailored for Private Limited Companies, Sole Proprietors, Partnerships, Freelancers, and LLPs. Simplify Your Business Finances Today! 💼✨ . . . . . #AccountOpening #BusinessFinance #SimplifiedProcesses #EntrepreneurLife #SmallBusiness #FinancialFreedom #EasyBanking #ProfessionalServices #StartupJourney #StreamlinedOperations

Freelancers and small business owners often have tight budgets. And staying on track means cutting out unnecessary expenses. But even the most well-run small businesses waste money from time to time. So how can you prevent this? Know how money gets wasted. Some common ways: 17. Buying too much inventory. 18. Failing to optimize for tax deductions. 19. Traveling too much for business. 20. Failing to optimize work processes. 21. Paying too much for legal or professional services. 22. Failing to manage cash flow effectively. 23. Not setting a clear budget. ⁠ You can find the full post on website: https://lnkd.in/gxrX62Fp ⁠ #agency #freelance #finance #consulting #smallbusiness

Check out our blog for ideas and helpful tips on growing your business, getting paid on time, winning clients, and much more. ⏬ ⏬ ⏬ We've got lots of tips for freelancers and small businesses. 💰 🚀 Here's the link: https://lnkd.in/dQ_vET2y #freelancetips #smallbusinessowner #invoiceninja #invoicingsoftware #getpaidontime #freelanceftw #businessgrowth 

🚀 For Entrepreneurs & Freelancers: The W-9 form is crucial for accurate income reporting to the IRS. Stay informed and ensure your freelance or contracting business thrives. Learn more: ➡️ [https://buff.ly/3SkJv3w]

Check out our blog for ideas and helpful tips on growing your business, getting paid on time, winning clients, and much more. ⏬ ⏬ ⏬ We've got lots of tips for freelancers and small businesses. 💰 🚀 Here's the link: https://lnkd.in/dQ_vET2y #freelancetips #smallbusinessowner #invoiceninja #invoicingsoftware #getpaidontime #freelanceftw #businessgrowth 

Most freelancers and solo consultants I meet don't have a good intuitive understanding of business profits. 👇 They confuse their pay (i.e., as the sole EMPLOYEE of their business) with their profits (i.e., as the sole OWNER of the business). Why? **Because they always forget that their pay is an expense.** Think of it like this: If you landed a project with a new client and then paid someone who was just as good as you to do the project while you did nothing, how much money would you have left over? My guess is very little. Let's use some made-up numbers to make this a little more concrete: 💲 Price that the client agreed to: $100k 💲 Cost to hire someone just as good as you to do the project on your behalf: $90k 💲 Profit left over for you as the business owner: $10k With all this in mind, let's return to the idea of agreeing to a discount... If you discount your price, the _discounted amount comes straight out of your profits_ but does NOT decrease your costs. So, in the $100k project scenario above, giving the client a 10% discount COMPLETELY ERASES YOUR PROFIT! And guess what? A business with 0% profit is not a fun business to run. ---- 🚫 Don’t let an algorithm decide what you read! Join 10k+ readers who get my daily email tips ⬆️ Click "Visit my website" under my name to subscribe ♻️ Please repost if this was useful

Do you know how much money your business loses if you don't have and use a #business savings #account? Andreea is on a mission to generate thousands of pounds for SMEs and she needs your help now. Can I ask you to fill up this survey https://tally.so/r/wkEzRM (you can also get your free subscription for early adopters). #entrepreneurship and #innovation for automatic bills #management powered by #technology with #creativity to build the #future by #startups and #leanstartups. https://lnkd.in/eyzxqiMb

As part of #NationalFinancialAwarenessDay we take a look into how late payments are affecting the freelance and small business market with tips for safeguarding your finances. Read more about late payments here: https://bit.ly/3M2RTA8

Check out our blog for ideas and helpful tips on growing your business, getting paid on time, winning clients, and much more. ⏬ ⏬ ⏬ We've got lots of tips for freelancers and small businesses. 💰 🚀 Here's the link: https://vist.ly/36c93 #freelancetips #smallbusinessowner #invoiceninja #invoicingsoftware #getpaidontime #freelanceftw #businessgrowth