Tracking income & 1099s
Use separate business accounts. Save all platform statements and 1099s; reconcile to invoices.
High‑impact deductions
- Home office
- Equipment & software
- Professional education
- Travel & client meals
Estimated taxes & cash flow
Set aside a percent of each payment for taxes; align quarterly deposits with your billing cycle.
Retirement plans for solos
Consider Solo 401(k) or SEP depending on income and admin preference.
Contract clauses
Late‑fee, expense reimbursement, and milestone billing terms can stabilize cash flow and taxes.