While the consequences of the 479-page tax bill currently under ominous development in D.C. are still being evaluated, some — like the Author’sGuild — already fear it could hurt independent professionals and freelancers come tax time.
Bill or no bill, freelancers need to have their math on point. It’s why Mike Wilner’s startup Compass rolled out a handy tool called the Freelance Project Tax Calculator on Product Hunt Tuesday.
It’s basically a spreadsheet that lets people calculate tax withholding on freelance projects, by entering common freelance project costs and figuring out the right price points to ensure take-home pay is where it should be.
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