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How do I manage my finances as a self employed person
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[QUOTE="Stunna, post: 321674, member: 96305"] Managing finances as a self-employed person can be challenging, but there are several steps you can take to ensure that you are on top of your finances and are able to stay profitable in the long term. Separate your personal and business finances: It's important to keep your personal and business finances separate. Set up a separate bank account and credit card for your business expenses. Create a budget that includes all of your expenses, both personal and business. Make sure you account for all of your expenses, including taxes and other fees. Keep detailed records of all of your income and expenses. This will help you keep track of your cash flow and make sure that you are staying profitable. As a self-employed person, you are responsible for paying your own taxes. Make sure you keep track of all of your income and expenses so you can accurately report your earnings. As a self-employed person, you don't have access to an employer-sponsored retirement plan. You should consider setting up a retirement plan for yourself. Keep all of your financial documents organized and easily accessible. This will make it easier to prepare your taxes and make sure that you are staying on top of your finances. Xlconsider hiring a financial advisor or accountant to help you manage your finances. They can help you create a budget, plan for taxes, and make sure that you are making the most of your money. [/QUOTE]
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