The Freelance Project Tax Calculator helps freelancers figure out what they should charge, what their tax burden is on a project, and what they get to take home.
Now freelancers can built taxes into their pricing and avoid unpleasant quarterly surprises.
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When I first started freelancing, I remember doing a job where my after-tax rate was less than minimum wage š Knowing how to price yourself is really hard. I'm glad to see an easy-to-use calculator starting to solve this huge pain point for freelancers!
@trevor_coleman I'm sorry that it can't be useful to you right now, but I'm glad to hear that it's creating some envy! Not sure how helpful this will be, but I did find this the other day: https://public.tableau.com/profi...
Really well made, easy to grasp and does the job it needs to do. @mwil20 have you considered implementing this as a lightweight tool online? Might do well for search rankings and inbound traffic.
@jmfayal absolutely. As a non-technical founder, I wanted to get this in people's hands as quickly as possible, and this was the best way to do it. There was a lot of work that went into aggregating tax data, figuring out right way to account, etc. Focusing on shipping as a spreadsheet forced me to do a lot of the product research required and get feedback, and now we're better positioned to build this into a simple web tool, and eventually into the Sail app.
@dan_bloom Hey Dan. This works for all states in the US and includes both state and local taxes (there are 14 states in the US that have local income taxes). Right now it doesn't work internationally.
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@dan_bloom@mwil20 For me, this could have been much clearer. :) when I didn't see my state listed, I assumed it wasn't an option. Again, just a simple UI thing that I'm sure you'll fix in future versions.
@prestondlee good to know! Can I ask if you were using the excel or google sheets version?
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In theory, this calculator is great. But in my opinion, you should be able to tinker around with it a bit before having to give your email address and it would definitely be better as a web app than as a spreadsheet. But all in good time, I'm sure. For now, it gets the job done. :)
Pros:
Gets you clarity on what you should expect to pay in taxes as a freelancer.
Cons:
It's just a spreadsheet. Which presents some obvious UX issues.
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In theory, this calculator is great. But in my opinion, you should be able to tinker around with it a bit before having to give your email address and it would definitely be better as a web app than as a spreadsheet. But all in good time, I'm sure. For now, it gets the job done. :)
Pros:Gets you clarity on what you should expect to pay in taxes as a freelancer.
Cons:It's just a spreadsheet. Which presents some obvious UX issues.