Wednesday 11 October 2023

How 27-year-old Nick Simpson built the freelancing tax tool he wished he had and then raised $7.5 million in venture funding

Nick Simpson has been freelancing for a while.

The 27-year-old founder of WorkMade landed his first for hire gig when he was just 9-years-old. He helped his neighbors, who were spa consultants at the time, build and design websites. "I was a nerd who would steal their Wi-Fi from the fence in the backyard," he said. "They asked me if I made websites one day and I said yes."

He turned those early gigs into a lucrative career as a designer for consumer-packaged-brands like the hydration supplement Hydrant and the skincare scrub brand Becky, which he also founded..

But throughout his WorkMadelife, paying taxes on his freelance earnings has always been a huge hassle. Freelancers have to withhold taxes themselves when filing a 1099 form in the US, and payment schedules can vary from state to state.



By Madeline Renbarger.


Full story at Yahoo News.

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