A copywriter operating in his own name need not obtain a business permit even if he has decent-paying clients. He, however, should keep copious transaction records in case the IRS comes knocking on his door. And when he does get audited, he must account all his earnings especially if the business is growing. To cover all bases, a freelance copywriter should take time to know his country’s particular tax law.
A separate bank account is not a bad idea as well; it will provide a business-like set up that contain the earnings of the writing service and the funds for writing-related materials. Any copywriter who has this will have an easier time accounting for his income and expenses come tax time.
A copywriter can create an invoice using MS Word or any similar programs. It doesn’t have to be fancy as long as it contains the copywriter’s Tax ID, client’s information, type of work performed, invoice number and date. To know the complete makeup of an invoice, a copywriter can check the ones other copywriters or even businesses have.
