Reader Matthew asks: Between the designer and the client, who pays for what and when? Great question, Matthew! It’s one that many of us stress over, especially because it often feels like a trade-off between simplicity, good customer service, and financial security. For example: It’s much easier to cover the cost of web hosting than to ask a client to go through the unfamiliar process of purchasing hosting only to forward all of the emails to you anyway. It’s much
Getting paid efficiently and with little effort is imperative to your success as a freelancer. Accepting mobile payments, which allows your clients to pay using credit or debit cards from anywhere, is a simple way to ensure that your clients pay as agreed — and that the money you rely on to support your business (and life) arrives in your bank account quickly. Here’s a look at the aspects of accepting mobile payments as well as some of the benefits and drawbacks
It can be expensive to work with an accountant. Do you really need one? And what, beyond filing your tax return, should you use them for? If you’re serious about growing your business, the right accountant can help you make long-term strategic financial decisions. They can also help with lease negotiations, cash and treasury management, ongoing tax reporting, and financial planning. They can even help you change business structures. How to find an accountant that’s right for you The best
A few years ago, I made a couple small changes that resulted in a huge positive shift for my business. At the time, I was building this blog and running a freelancing gig. And I was busy. Which meant that some of the tasks I liked less than others got less attention. One of those tasks (I’m embarrassed to admit) was bookkeeping and finances. I’ve since learned that a business that doesn’t focus on its numbers is just a hobby. But
In many places around the world, tax season has arrived. And you’re probably wondering how to reduce your 2014 tax bill. • • • A note from Preston: I’ve asked Cam from GDB sponsor Bench.co to give us the scoop on which are the best tax deductions for entrepreneurs and freelancers this year and they nailed it! I’ve personally tried Bench bookkeeping and recommend it over any other option I’ve tried. Get paired with a bookkeeper and start a free trial here. Thanks, guys! Over to you…
Cash. Money. Moolah. Coin. Pennies. Dimes. Dosh. Dough… Call it whatever but let’s be honest…it can be the painful, blistering bane of your existence if you’re not careful. How many nights do you lie awake staring at the ceiling stressing about how to pay your suppliers, staff, taxes, rent, house, car payments, school fees, heck even just to put food on the table sometimes — worried sick about where the next lot of cash is coming from? Countless, right? Me
So you want to start a business? Or perhaps you just did? Are you mad? Bonkers? Insane? Lost your marbles? Quick, you still have time! Get outta here!! Run for your life. Run for the hills. Go on, go! Get out while you can!! Run, Forrest, RUN!!! I mean really, are you sure you want this? It takes one tough cookie and some mighty 4” thick skin to fight the battles you’re about to fight just to survive each day?
Let’s talk turkey for a few minutes. More particularly… cash flow. Icky, dirty, rotten, dreaded cash flow. How’s yours going? Are you making the BIG bucks? Stashing plenty of dosh away each month so you can retire young, travel the world and achieve the ultimate freedom you’ve always dreamt of? If so, you can probably skip this blog and just get back to it. Go on, off you go. ;) If not and you’re sick of worrying how you’re going