I’ve had to claim income from Money After Graduation since 2011. Initially, I worked as a sole proprietor and claimed my freelance and blog income as “other income” when I filed my personal income taxes. In 2015, I incorporated my company and put myself on my payroll, which meant now I issued myself a formal T4 for tax time. While I let an accountant handle my business income taxes, I still choose to file my personal income taxes myself. I love being self-employed and in charge of my income, but I will admit, it takes even more discipline and attention to detail to manage my business finances on top of my personal finances. However, over the years I’ve found the systems and strategies that help keep me organized and avoid any extra stress at tax time. Here are some of the ways I handle my business finances: Dedicate a specific […]
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