Top 40 Business Terms for Freelancers, Independent Contractor & Entrepreneurs

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Across
  1. 2. Earning interest on both principal and prior interest
  2. 5. Earnings subject to taxation after deductions
  3. 7. Money owed to the US government
  4. 8. Electronic payment to your account
  5. 9. Costs taken out after taxes
  6. 10. Costs removed before taxes
  7. 12. Contract detailing work and payment
  8. 13. Independent worker paid by clients not an employee
  9. 15. Worker whose taxes are withheld by employer
  10. 16. Payments made four times yearly to the IRS
  11. 21. Tools that track income expenses and invoices like QuickBooks, Wave, or J_AP101
  12. 25. Tax for Social Security and Medicare
  13. 27. Business ID number for banking and taxes
  14. 29. IRS form to report self employment income and expenses
  15. 30. Income or sales taxes based on location
  16. 31. Money moving in and out of your business
  17. 32. Amount received after taxes and deductions
  18. 33. Form showing total paid to contractors
  19. 34. Separates business and personal finances
  20. 37. Individual personally owning and liable for a business
  21. 41. Planning income and spending
  22. 42. Saving now for future income
Down
  1. 1. Structure protecting personal assets from business debts
  2. 3. Ongoing costs to run a business
  3. 4. Report showing revenue minus expenses
  4. 6. Expense subtracted to reduce taxable income
  5. 11. Recording all business income and expenses
  6. 14. Profit left after expenses and taxes
  7. 17. Coverage protecting against financial loss
  8. 18. Expense that lowers taxable income
  9. 19. Form contractors give clients for tax reporting
  10. 20. Forecast of future income and expenses
  11. 22. Savings for slow periods or crises
  12. 23. Business passing income to owners taxes with liability protection
  13. 24. The CLEMCO.HR website where Freelancers, Independent Contractors, and Entrepreneurs can receive support with their bookkeeping, tax filing, financial planning, and personal/business insurance needs.
  14. 26. Training or courses to build skills
  15. 28. Total earned before deductions
  16. 35. Main individual federal tax return
  17. 36. Total income before expenses
  18. 38. Snapshot of assets debts and equity
  19. 39. The author of Career Projection 101: An Independent Contractors Guide to a Successful Business and Balanced Life. He is also the founder of CLEMCO.Net, a support network for freelancers and entrepreneurs.
  20. 40. Registered trade name different from your legal name