Any freelancers here? How to work with tax's or do you register yourself somewhere?

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uaesthetics
says

Hi guys, I was wondering if there is anyone who does freelance websites here? Be it full-time or on the side?

I do it on the side, but I choose which projects I want to take. Usually it’s for nominal fee’s, nothing more than $2-3k

Now I’ve secured a freelance deal, one which is at $8k and one which is $20k – How do I do this in terms of payments? Do I have to register myself somewhere as a freelancer with regards to things like “tax”? For amounts a bit higher like this I guess I also have to invoice the companies?

Can someone advise me on these matters?

Thanks

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webdesignerart
says

I am also curios to know information about this.

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fillerspace
says

Not sure where you live, but in the United States, you don’t have to register anywhere, just report the income on your tax return. If it is over a certain amount, and it is a steady amount, you should estimate for the year and divide it into quarterly payments. You will also need to pay a self-employment tax of about 15%.

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uaesthetics
says

I am in UK, wonder if it is different

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