Sail is now CalendarPay. CalendarPay helps business owners receive credit card and bank (ACH) payments while saving money and avoiding hassle with our secure payments scheduler.
@connorcirillo it's especially important for folks who are just getting their feet wet. Taking on a small moonlight project on top of w2 income means that a pretty large chunk needs to be set aside for taxes.
A useful tool to see how much a project will net a freelancer after taxes. Can help figure out if you should take on the project and how much taxes to set aside
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This tool is super valuable. For being one of the first early stages of this product, you can get a lot out of it.
The breakdown is nice and it's been good to check this out and see a decent implimentation of this kind of calculator.
I'm looking forward to seeing how far this can be explored and developed.
Pros:
The tool really simple
Highly detailed breakdown of taxes
Does calculations for you based on locale
File type allows you to save for later
Cons:
Even though it's early stage, would be nice to have an online tool or app
UI could be improved a bit
Sadly these can only be estimated taxes
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As someone who freelances on the side, I didn't really consider the cost of taxes when setting my rates outside of knowing roughly what my marginal tax rate would look like, plus the other taxes on top of it. Looking forward to using this to be conscious of this and help me set better pricing!
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When I first started freelancing, I remember doing a job where my after-tax rate was less than minimum wage 🙃 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!
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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.
@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.
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Strikingly
This tool is super valuable. For being one of the first early stages of this product, you can get a lot out of it.
The breakdown is nice and it's been good to check this out and see a decent implimentation of this kind of calculator.
I'm looking forward to seeing how far this can be explored and developed.
Pros:The tool really simple
Highly detailed breakdown of taxes
Does calculations for you based on locale
File type allows you to save for later
Cons:Even though it's early stage, would be nice to have an online tool or app
UI could be improved a bit
Sadly these can only be estimated taxes
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.
Slope
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