What to do after becoming a freelancer


Once the business is open, it's finally time to start as a freelancer. Here's what you'll do after you're freelance.

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Make a contract for work
Let's also explain the contract procedure when you find a job safely.
If you do not go through the agent, check with the client what work you will receive. In many cases, you will need to create a quote and contract. There is no fixed format for the quote. When making a quote, be aware of the amount including expenses and taxes. Assuming that the amount will be negotiated, it is advisable to keep an appropriate estimated amount without lowering the amount too much.
It is not always necessary to exchange contracts, but it is better to exchange contracts as much as possible, considering that the power relationship between freelancers and clients, which should be equal, will be tilted. If it is difficult, please send a confirmation email stating the terms and conditions to the orderer and get a reply of approval.

Utilize useful tools
As a precaution, use the following useful tools.

・ Creating a business account
If you submit a business start notification, you can create a business account with the store name. Taxes and tax returns will be smoother if you manage your private funds and business funds separately.

・ Preparation of accounting software When
it comes to freelance, many people find it difficult to file tax returns. Some people say that using accounting software such as "freee" and "money forward" has made things easier. Considering the time and effort, it is recommended to introduce it.

・ Small business mutual
aid This is a mutual aid that allows you to receive mutual aid according to the accumulated premium by canceling the contract when a sole proprietor or an officer of a small corporation retires or goes out of business. If you are a sole proprietor, you will be eligible for income deduction, so you will be tax-saving when you save. However, you will need to pay taxes when canceling.
However, if you are a sole proprietor, the mutual aid money (cancellation allowance) you receive will be treated as "retirement income", and the tax burden can be significantly reduced compared to business income.

・ Management Safety Mutual Aid
Management Safety Mutual Aid (Small and Medium-sized Enterprise Bankruptcy Prevention Mutual Aid System) is a system that allows you to receive the reserve fund as a mutual aid fund when a business partner goes bankrupt, and if you are a sole proprietor, you can include it in the necessary expenses. ..

・ Income compensation system of Freelance Association
This is income compensation in case you cannot work due to illness. I think that there are many people who work on time, so it's a good idea to be prepared.

About final tax return
The hardest part of becoming a freelancer may be the annual tax return. A final tax return is mandatory when the business income is 380,000 yen or more. There are two types of filing: "blue filing" and "white filing". There are three filing methods: mailing to the tax office, handing over at the tax office window, and electronic filing system (e-Tax). If you are filing your tax return for the first time, some people will write it while consulting with you at the tax office.
As for the preparation for final tax return, some people start early from around October, but it is desirable to start from around the year-end and New Year holidays.

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