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Showing posts with the label Taxes

How to Pay Yourself as a Freelancer in 2025 (Without Getting Crushed by Taxes)

Freelancers in 2025 using smart tax strategies and global tools like doola and Wise to legally pay themselves and reduce income taxes. How to Pay Yourself as a Freelancer in 2025 (Without Getting Crushed by Taxes) In 2025, freelancers are earning more than ever — but many are unknowingly giving away huge chunks of that income to unnecessary taxes. If you're working with international clients, getting paid in multiple currencies, or using platforms like Upwork, Fiverr, or Deel, it's time to rethink how you pay yourself. Common Freelancer Payment Mistakes Getting paid into a personal bank account with no tax planning Not separating business and personal income streams Missing out on deductions and expense tracking Smart Ways to Pay Yourself in 2025 Here are strategies the smartest freelancers are using today: 1. Set Up an LLC or Global Entity: This lets you bill clients professionally, reduce liability, and deduct business expenses. You can use doola to se...