When you first went freelance you likely heard horror stories about having to wait for months for your work to be published so that you could finally get paid for it. Other freelancers told you all about that time they had to hound a client like crazy to get them to pay for work that had been completed. You were prepared for that. You were prepared for potential clients to convince you that you should work for “exposure,” and to have to work your way up to the big publications and really well-paying work.

What you weren’t prepared for were taxes. [Read more…]