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With the April 15th tax deadline behind us, it's a good time to reflect on what it took to get your records in order for you to file your taxes this year. And it's a great time to make plans to simplify the process for next year. Many small business owners have trouble keeping track of all the paperwork they'll need come tax time. Here are some tips to save you hours when the tax deadline is approaching.

The term "freelance" comes from the works of Sir Walter Scott and refers to traveling knights offering their services in battle to noblemen for a fee. This colorful designation is now used for independent contractors who offer their services to companies but are not officially employed by them. The freelancer is free to work in whatever manner they would like in order to accomplish the task given to them.

Being your own boss is certainly rewarding, but few people think about the extra work of preparing invoices and tax forms. Independent contractors need to be aware that being independent of the client company is a special tax situation, and they will need to file differently with Internal Revenue Service than they might have in the past.

Guernsey has more than 50 years experience in providing trust and corporate services. Recently it has made a bold move in the field of tax as part of its continued efforts to stay at the forefront of global financial jurisdictions.