Freelancing portals are the most common places where freelancers find work. Some popular freelancing portals are 1. elance.com 2. odesk.com 3. freelancer.com On these websites buyers post projects and developers bid on them in an attempt to win the project. The whole process is full of competition and lots of factors (including luck), determine who gets a project. In my early days I used to bid and do lots of things to get the customer [...]

So if you are a team of freelancers working for quite some time now, then you might be interested in registering your business as a company. There can be many reasons to register your freelancing business as a company. 1. You want to engage into business with other companies/corporate companies who would only deal with a company and not an individual. 2. You now want to expand and hire staff in a formal/legal way. 3. [...]

Most freelancers have a savings account where they withdraw money from freelancing websites and payment processing websites. Some of the popular freelancing websites are 1. getafreelancer.com 2. elance.com 3. odesk.com And common payment processing websites : 1. Paypal 2. Moneybookers Savings account would work fine in all situations. However if you are planning to register your business as a company then you will need to open a current account. A current account is different from [...]

Disclaimer : The information provided here may be outdated or incorrect. The tax rules are revised every year in annual budgets. Please consult your CA for latest regulations and norms. What is Service Tax In India service tax is applicable on certain businesses/firm if its annual revenue exceeds 10 Lakh Rupees. Current rate is 10.30% (at the time of writing this article). Its not applicable where VAT is applied. Service Tax is applicable in IT [...]

Recently Paypal has faced some issues with RBI which has resulted in withdrawals being reversed etc. Moneybookers is a service similar to Paypal. Moneybookers is available as a withdrawal option in Scriptlance , Getafreelancer , Odesk. Moneybookers charges 1.9% + 0.29 EU for receiving commercial payments compared to ~ 4% in paypal. In Moneybookers the payer is also charged. Moneybookers account needs verification before it can be used fully. The first simple option is to [...]