Self-Employed Money

A profit and loss statement sums up what your business earned and spent over a period, revealing whether you made money and where it actually went.

Build a self-employed hourly rate from the ground up by adding your yearly costs, target pay and taxes, then dividing by the hours you can really bill.

Keeping business money apart from personal money makes records cleaner, tax time simpler and your real profit far easier to see. Here is how to start.

Learn how clear payment terms, upfront deposits and fair late fees on your invoices can help you get paid on time and keep client relationships calm.

A practical way to move a fixed share of every payment into a separate tax fund so a bill from the tax office never arrives as a painful surprise.