This freelancer financial checklist covers the 12 money tasks to handle in your first year, in the order they come up. First, you set up the basics. Then, you build a simple system for taxes and savings. Finally, you file your first return with clean records. Most of these steps take less than an hour. … Read more
A separate bank account for freelancers isn’t always required by law, but you should have one anyway. If you work as a sole proprietor, you can legally run everything through your personal account. However, the IRS recommends a separate account, and it makes taxes, bookkeeping and audits far easier. If you have an LLC, a … Read more
The best business bank accounts for freelancers cost nothing each month, help you set money aside for taxes and keep your business income separate from your personal life. After comparing fees, interest and tax tools on each provider’s website, these are our picks for 2026: Whether you work as a sole proprietor or run an … Read more