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There are so many advantages to being your own boss. From the ability to set your own hours to the chance to work in your jammies, working as a freelancer has never been more popular than it is today. Transitioning into a freelance career or becoming your own entrepreneur also gives you a way to live free and clear of depending on an employer for a job and your income. But no amount of raw talent or client demand can help you if you don’t take care of some business basics such as bookkeeping, accounting and tax filing. Here are some tax basics that can make or break your business.

To read the original article: Are You a Freelancer or Solopreneur? Tax Basics You Need to Know