Pennsylvania – Freelance work can offer you some flexibility on how often and how many hours you work, which can be liberating… until it comes time to do your taxes.
CPA Richard Lavina says it may be too confusing for many freelancers to go it alone.
More people are freelancing nowadays with the rise of the “gig economy” and that can lead to some complexities when filing.
Lavina, the co-founder of tax-preparation app TaxFyle, says in this case, a tax prep pro may be worth the expense.
If you are freelancing for the first time, talking to a to a CPA will be a good place to start. The CPA will have to figure out if you made payments or not. It doesn’t work like a W-2, where you have withholdings.