Sail

A business toolkit built for freelancers.

5 followers

A business toolkit built for freelancers.

5 followers

Sail is now CalendarPay. CalendarPay helps business owners receive credit card and bank (ACH) payments while saving money and avoiding hassle with our secure payments scheduler.

Freelance Project Tax Calculator gallery image

Launch tags:Freelance

Launch Team

tiun.Auth, billing, and payments for AI builders

Promoted

Arrows

Really excited to be launching the calculator on PH today. Over the past 6 months (and multiple years as freelancers ourselves), we've been digging into some of the biggest challenges that freelancers face when running their businesses and the one question that keeps coming to a head is "How do I handle taxes?". We've heard people say things like: - "(Taxes) is absolutely the biggest pain for me personally. At least the most stressful since no matter how much research you do you never know you got it right." - “I am PUMPED for that one (tax withholding) bc I hate taxes. who doesn’t…” The calculator helps provide insights and transparency into what freelancers are actually able to take home on a project by project basis.

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9yr ago

Zest Tea

Really well made, easy to grasp and does the job it needs to do. @mwil20 have you considered implementing this as a lightweight tool online? Might do well for search rankings and inbound traffic.

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9yr ago

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Maker

@jmfayal absolutely. As a non-technical founder, I wanted to get this in people's hands as quickly as possible, and this was the best way to do it. There was a lot of work that went into aggregating tax data, figuring out right way to account, etc. Focusing on shipping as a spreadsheet forced me to do a lot of the product research required and get feedback, and now we're better positioned to build this into a simple web tool, and eventually into the Sail app.

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9yr ago

Obviously, anything made in spreadsheets has a lot of room for UI improvement, but those struggles are all meaningless when you recognize the value of this calculator. As a freelancer, it's always unclear how much money you're actually taking home from a project and making sure you're not underpricing yourself. This is something that gets better over time as a freelancer, but in the mean time he/she is leaving money on the table, underpricing themselves, or, worst case scenario, losing money on projects. I'm super impressed by the ease of use and value of information.

Pros:

Super easy to use

Cons:

The UI has room for improvement

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9yr ago

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Maker

Thanks so much Emilie!

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9yr ago

HelpDocs

When I did freelance back in the day, my #1 complaint was not knowing exactly how much money I was making from each job. Taxes made my life hell. This would have given me some much needed transparency into the billing process. 🎉

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9yr ago

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Maker

@jakeapeters Thanks Jake! We hear "this was such a PITA back when I freelanced" a lot. Hopefully we can make that easier for people that are dipping their toes in the water today.

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9yr ago

This would have been SUPER useful for me around 5 years ago...I freelanced for a startup when I was in college/right out of school and had zero idea what I was doing in terms of taxes. I'd take on a few extra projects around tax time and use that income to pay off my tax bill. That worked out ok, but having a tool like this would have made my life a lot easier.

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9yr ago

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Maker

@jon_salm it's especially important when you have w2 income as well. Your marginal tax rate on freelance income is a lot higher.

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9yr ago

The folks at Sail are doing great things for freelancers - pay attention to them!

Pros:

This is a huge value to freelancers, helping with a very stressful problem in a time saving way

Cons:

It's a google sheet - obviously it's not perfect and doesn't have beautiful UI, but it does its job and does it well

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9yr ago

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Maker

Thanks, Jayna! You know I'm better at function than form :)

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9yr ago

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Maker

Hey everyone! Super excited to be launching this calculator on Product Hunt. I've been helping freelancers for the past few years. One of the biggest things freelancers struggle with when starting out is understanding what they should be setting aside for taxes, and how that affects their pricing and margins. With this calculator, you can: - calculate tax withholding on your project - account for common freelance project costs - adjust the inputs to figure out what you should be charging in order to take home what you want It handles supplemental w2 income, self-employment taxes, federal income taxes, and state/local taxes everywhere in the US. We hope this gives freelancers more peace of mind, and allows them to freelance more profitably! Looking forward to your feedback!

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9yr ago

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