As self-employed freelancers, illustrators need to pay particularly close attention to how they manage their money. Do it correctly and you can pay your taxes easily, save for your future, and retire in style. Neglect it and your financial health may not be as rosy. These are my suggestions for managing your money:
For illustrators, taxes work a bit differently than from those working regular 9–5 jobs. You’re essentially your own small business owner and need to treat your taxes as such. Let’s take a look at some essential things illustrators should know about taxes.
Should an illustrator charge for sales tax when submitting his or her invoice? Though the laws differ slightly from state to state, in most cases the general answer would be “no.”