15

From poking around the IRS website (http://www.irs.gov) it appears as if you will not owe income tax in the United States. I am not a lawyer or a tax professional, so I can't definitively answer this for you. Most of the information is about nonresident aliens working in the US or having a US spouse. However, you may find something applicable in this ...


13

For what it's worth, I thought I'd give some follow-up to this. I was finally able to get in touch with a US-based international accountant, and she let me know that in my particular situation I was not liable to taxation in the United States. There can be some edge cases, so of course if in doubt, you should always try and seek professional assistance, but ...


5

In Germany, freelancers (Freiberufler) enjoy many freedoms. I am not required to pay for social security, I can freely chose between public and private health insurance, and it is not mandatory to use the services of a bookkeeper. In fact, the only bookkeeping that I need to do is for the department of finance: I keep track of income and expenses, I charge ...


3

https://www.linkedin.com/pulse/us-companies-can-legally-hire-foreigners-living-other-rich-mba/ "Non Residents" “As a general rule, wages earned by nonresident aliens for services performed outside of the United States for any employer are foreign source income and therefore are not subject to reporting and withholding of U.S. federal income tax.”


3

Not sure if I understood you correctly, but I've heard good things about the the Estonian e-residency in regards to e-businesses and banks.


3

(NOTE: Before moving forward, check your level of service with FreshBooks. Some features may not be available in the free tier.) Staying Within FreshBooks I've used FreshBooks since 2009 and have found at least a couple of ways to develop a fairly streamlined proposal system that stays within FreshBooks. If your proposal is simple enough, then see if the '...


3

I keep them on the cloud services like Dropbox. I have folders created for each client, then subfolder for the project, then more subfolders like code, certificates, misc. etc. For password I strongly recommend using LastPass. I pay them pro account for $1 per month (aren't they a ripoff :)). For many years I kept passwords inside Firefox or Chrome and did ...


2

I don't know that program, but what I do on my invoices: Create a new invoice to the customer. As a memo, mention how much was owed previously, and its due date. I then add another line for LATE FEE (2%/month), and enter in however much the late fee is. I give 2 weeks grace after the initial 30 days for my customers, where I just send a copy of the original ...


2

I use FrontAccounting (which is Web based, but on my own server, not in the cloud). My handling of retainer-based client probably also works with some other packages. Let's say a customer buys 100 hours at $90/hour. There are two separate aspects to this: billing, and tracking the hours used. They may or may not be linked. I handle them completely ...


2

Perhaps this is just semantics, but it sounds to me like you're invoicing for a retainer, and then you're invoicing for your service. For me in this context, client receivable tracking is more important than crowding it into one invoice; I'd just have two invoices, track payments to each, and issue a credit on the second invoice. If I were to do it the way ...


2

If you have had an income and never paid taxes you have a bigger problem than how to deal with reporting from Fiverr. So you have either never had a job in your life as the reason you never paid taxes or everyone else is paying more because you are not paying at all. That said, any freelancer income is reported as "other wages" on your annual 1040 filing. ...


1

NO. If you have a disease I believe you don't go searching in Google and cure yourself based on strangers' opinions, but you will go to a doctor and get a checkup and then a therapy if needed. The same is with accounting information, you won't trust the opinions of people from all around the world for your personal accounting. Indeed is almost sure that ...


1

As someone who is normally resident in the UK, you need to pay UK income tax on any income you earn from overseas (https://www.gov.uk/tax-foreign-income). You will need to complete a self-assessment and declare the income. Failure to do so will likely result in allegations of tax fraud in the UK since you will not be able to explain why you're receiving a ...


1

I am from Germany but I expect the rules are similar in UK. If you want to know it for sure you should ask a tax consultant. In Germany you have to mention the delivery date on the invoice and the customer has to consider this as well. You can not send an invoice as a LTD that did not exist at that time. If you do it differently you might face problems in ...


1

I Can Understand asking these type of question to your clients is very tough but surely you can put some smart question . =>Asking for client satisfaction is very import over your work . Most of the clients pay late just because they were not happy with your work or they might need more modifications. =>Always try to find the reason behind late payment ...


1

This is a pretty neat idea, because a lot of freelancers (myself included) struggle with late payments. What's probably really important is to get a picture of these types of companies - are there certain things that make a company more likely to pay late? Is the client large, medium, small, or a single-member/entrepreneur? Is there a chain of approval for ...


1

Q1: yes, but financially this would be silly if you intend to make your living off of it, also regarding liability having a company is the better choice. Q2: No, unless you get a VAT number / become VAT registered. Not charging VAT means you also don't get any VAT back when you purchase something. Q2.1: Obviously you need to pay that to the government. If ...


1

The way my accountant had me handle this was to create a liability account in QuickBooks called "Loan from Kyle". I had a few times where I had to deposit money into my business checking account, and I categorized the deposit as this account. Then, on the balance sheet, it's properly displayed as a liability, and it's recorded that the money came from me. ...


1

Usually, you should get this number by filling a form at the government business registration center for your self-employed work. They will give you the business number the buyer requires. Technically, they don't need that number but some clients may require it. It won't help to go through Elance or any other freelancer website.


1

I am not a tax professional but do have a bit of experience with transatlantic issues. I also know a CPA who has experience with international tax matters. Generally speaking, the rule is that you must file US income tax returns if either: You are a US person (anybody physically in the US, or a US citizen or US permanent resident regardless of where they ...


1

Yes, you can! You will just have to be sure that the cost of running such a construct is less than what you gain from it. Such IP/license/ptent boxes usually involve setting up multiple companies in different countries. Setting up a company means in many jurisdictions these days that you need to rent some kind of office (yes, can be some kind of shared ...


1

Like others, I create a specific folder for each project I start. Here's a typical structure: Software Development --<project name> --Designer work //the client hired a designer --Screen shots --Code --Terms --Invoices --Backups --passwords.txt Terms are the legal documents I signed with the client. When the ...


1

I am using Google drive, dropbox and onebox. This is a result of client preferences for file transfer. I also create a Google drive folder for every client regardless of their use of the drive. At the top of each GD client folder I have a ganntter project file. If the client also shares a GD folder, this is a sub folder of the main client folder. I do not ...


1

Quickbooks desktop version will let you do "Progress Invoicing" which is what you're describing. The online version, unfortunately, does not. You'll create a progress invoice for the total amount, for example, $100. You'll set the progress to 50%, the invoice will total $50 and the customer receives that. When the job is done, update the progress to 100%, ...


1

To me, what you are describing is a statement, not an invoice. Statements show history, invoices do not. For what it is worth, my business is all fixed fee and in most cases my work is split into multiple payments (sometimes 50/50, sometimes spread over several phases.) I use Quicken Home and Business for managing my finances. When I set up a new project, I ...


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