I spoke to another colleague a couple weeks ago who did not know what a SEP IRA is, nor was she aware of many of the write-offs we can take for home offices.
I also admit I am guilty of not having the best system for accounting and invoicing. QuickBooks is supposed to be a good program, and I would love to have a demo before buying -- would you?
I'm beginning to think there's a huge need for a confab about freelancing and finances. For the record, my accountant says if your profits are at least about $20,000 a year, an S-Corp can save you THOUSANDS on taxes. And a SEP IRA is for self-employed people, like us, and contributing to one can also ease that tax burden while helping you plan a comfortable future.
Please respond here or e-mail me at firstname.lastname@example.org if you would be interested in attending a panel discussion with a financial advisor, an accountant and freelancers who can share their best practices. Also include best days/times -- do weekends work or are weekday evenings better? -- and let me know if you'll be willing to pay a nominal fee if you aren't an SPJ member. I'll try to find a central location.