Taxes have got to be one of the biggest hang-ups I have about going 100% into nomadism. I’ve got American citizenship so the very words ‘double taxed’ make me shudder. I’ve thought about just getting an accountant to handle my taxes when I take the plunge, but is it really necessary? It doesn’t seem that complicated on the surface, but I know that the repercussions can be serious if you do it wrong. I’m planning on working as a freelancer, not necessarily starting a whole new business. How have you chosen to tackle it? Do any of you have pitfalls to avoid or horror stories to share?
kblack (Krista) #1