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Freelancing is a Force – and We Need to Reckon With it

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An excellent article from Scott Tillitt of the National Freelancers Union

Within 10 years, at its current growth rate, the majority of the US workforce will be freelancers. Think about that for a second (or a minute): It has major ramifications for our economy, politics, culture.

This startling stat comes from “Freelancing in America: 2017” (FIA), a comprehensive study from freelancing website Upwork and our own Freelancers Union.

FIA estimates that already more than one-third of the US workforce are currently freelancing (57 million Americans) and contribute approximately $1.4 trillion annually to the economy — a nearly 30% jump since last year.

Read the rest of this article

How the Tax Cuts and Jobs Act May Affect Your Business

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With a shout-out to the National Freelancers Union, here’s an article with more specific information about the advantages and disadvantages of the new tax law. Give it a read. If you have an accountant, you should be talking to them about upcoming changes.

How the Tax Cuts and Jobs Act impacts freelancers

In case you missed it due to the holiday rush, President Trump recently signed into law the Tax Cuts and Jobs Act (TCJA), representing the broadest reform of tax laws in three decades.

With the new laws now taking effect, you’ll notice both some positive and negative aspects related to individual and business taxes. Suffice it to say, the TCJA will impact you as a freelance professional.

Read the rest of this article on the National Freelancers Union Website.