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Myles Eftos on Freelancing

Dec 29, 2008 50 Words

Myles says…

Multiple bank accounts. It is very tempting to throw the money you make in your personal bank account and start spending big. DON’T DO IT. Go and get a business account, and get your clients to deposit the money there, then pay yourself out of that account. It’s much easier to partition that way. You can even take it one step further and get a interest bearing account and transfer your tax into it, then at the end of the year you won’t get surprised by a huge tax bill!

About Myles
Myles Eftos is a Perth-based web developer that jumped on the Rails express and never looked back. He is the event coordinator for the Australian Web Industry Assocation, which explains why most of their events are at the pub near his house.

About this Post
This post is one of a series, written by various people within the web industry. They are responses to my request for a maximum of 50 words on the topic of tips for freelance success. You can use the 50 words category to see all the answers so far.

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