Hi, I read a lot about estimated tax but I am still confused. Is it based on sales amount or net income? I read that it's good to pay 25% to 30% each quarter but I am having trouble computing it ...
  1. Hi there, the quarterly taxes is based on your estimated net income. Take a look at this section on estimated taxes in our tax guide for freelancers - https://a ... Read more

I am currently working through Upwork as my main source or income at this time as a freelancer. When I am going to prepare my taxes how should I be filing my taxes? Is this income counted as a regular ...
  1. Hi, when you registered for Upwork if you are a US Freelancer they usually request that you complete a W9. At the end of the year, they will provide you with 10 ... Read more