How to Get Paid as a Digital Nomad | AllBusiness.com

August 27, 2024 ~ knjohn ~ Leave a comment

Digital nomads are having a moment. Globally, 35 million workers identify as such, and 43% of them are self-employed.

If you’re considering packing your bag and laptop and spending some time living in another country, you’ve got a lot to think about. First, does the country offer a digital nomad visa? Some countries like Estonia have had their digital nomad visas available for several years, while others, like Italy, are just now coming onboard the digital nomad train.

Next, you’ll need to consider your work setup. To be a digital nomad, you’ve got to be able to work 100% remotely. Do you need equipment to do so? Maybe you’ll need a video camera so you can attend virtual calls, or a Wi-Fi hotspot if you plan to live somewhere remote.

FreshBooks reveals common invoicing mistakes of the self-employed during the COVID-19 pandemic | The Startup Magazine

August 23, 2021August 22, 2021 ~ knjohn ~ Leave a comment

The COVID-19 pandemic has left many self-employed individuals struggling to keep on top of all areas of their business, from new health and safety procedures to completing basic admin tasks. With these additional burdens, it’s no surprise that occasional invoicing mistakes can start to creep into invoicing documents.

Twyla Verhelst, Head of FreshBooks Accountant Channel at leading online accounting software provider, FreshBooks, reveals the most common invoicing mistakes the self-employed have made since the start of the COVID-19 pandemic.

Your Invoices Do Not Include Payment Due Dates

Without specific payment dates on invoices, many of those who are self-employed may unintentionally send out “open invoices”. If there’s not a definitive payment timeframe, invoices are at risk of being ignored or forgotten about. Add in the use of vague language or jargon and this can potentially lead to confusion over the specified payment date.

56% of Small Business Owners Have a College Degree | Small Business Trends

June 24, 2019June 22, 2019 ~ knjohn ~ Leave a comment

Digital technology is disrupting almost everything, which includes education. According to the self employment statistics in FreshBooks’ 2019 Self-Employment in America Report, college education is becoming less of a prerequisite.

The percentage of self-employed professionals with college degrees has decreased considerably in the last couple years. In 2017 it was 64%, followed by 60% in 2018 and it now stands at 56% in 2019. This doesn’t mean people are not getting educated. The only thing that has changed is how they’re getting this education.

A fact which supports this point is how much those with and without college degrees earn. In the past the earning disparity between high school and college graduates was significant, this is no longer the case. The report reveals there is no difference in revenue between businesses founded in the last two years for both groups.

3 Business Terms All Self-Employed People Need to Understand | Due

August 30, 2018August 29, 2018 ~ knjohn ~ Leave a comment

Starting a business is more than quitting your day job and putting together a website for your new project. It involves the law, your money, and your daily energy. When it comes to being your own boss, knowledge is power. The more you know, the more you can both protect and grow your business.

I’m not talking about the more you know about marketing or the more you know about your competition. I’m talking about the more you know about business itself. Here are three common business terms all self employed people need to understand.

Tax Perks for Business Trips | All Business

February 18, 2015 ~ knjohn ~ Leave a comment

Good news. If you’re self-employed, a sole proprietor, or a freelancer, there are a number of travel and business-related expenses you can take advantage of to help reduce your taxable income. Keep in mind: in order for a travel expense to be deductible, you have to be away from your “tax home” (AKA your regular place of business).

So, when are you considered traveling away from your “tax home”? You are away from your tax home if:

Your job duties require you to be away from the general area of your tax home, substantially longer than an ordinary day’s work, AND . . .

You need to sleep or rest to meet the demands of your work while away from home.