Glossary entry

English term or phrase:

Tax Fund

French translation:

fonds de réserve fiscale/d\'impôt

Added to glossary by Thierry Darlis
Jan 8, 2017 23:37
7 yrs ago
English term

Tax Fund

English to French Bus/Financial Finance (general) blog
Set Up a Separate Tax Fund
Another thing that many freelancers fail to account for is the impact of taxes. In fact, many new freelancers are totally shocked when they fill out their first post-freelance tax return and find a huge bill waiting for them.

The sad truth is that tax rates are higher for freelancers and the self-employed, and short of petitioning Congress, there is not a lot you can do to change that. What you can do is be prepared, and that means setting up a separate account just for taxes.
Change log

Jan 9, 2017 03:06: writeaway changed "Field" from "Other" to "Bus/Financial" , "Field (write-in)" from "(none)" to "blog"

Votes to reclassify question as PRO/non-PRO:

Non-PRO (1): Germaine

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Discussion

Daryo Jan 9, 2017:
keep certain amounts earmarked/ringfenced for the payment of taxes, but not necessarily on a separate bank account - although it does make it easier to separate that money.
Germaine Jan 9, 2017:
[Ouvrir un compte pour fins fiscales] [Établir une provision pour impôts]
... et ça veut dire ouvrir un compte distinct, juste pour vos impôts.

Proposed translations

5 hrs
Selected

fonds de réserve fiscale/d'impôt

One of the most critical things freelancers can do is set up an emergency RESERVE FUND and keep it stocked with at least six months worth of living expenses.

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Note added at 5 hrs (2017-01-09 05:06:42 GMT)
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Le fonds ci-dessous comprend les montants affectés à une provision que le traducteur constitue de son propre chef pour parer à certains risques de ses paiements et pour payer ses impôts à temps.

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Note added at 1 day14 hrs (2017-01-10 14:02:08 GMT)
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IN the US, the fund can be invested in a short tem riskless security
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4 KudoZ points awarded for this answer.
8 hrs

provision pour taxes

Tous types de taxes
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2 days 33 mins

crédit (solde) d'impôt

"Lorsque le montant de l'impôt à solder ne correspond plus à la situation actuelle (Par exemple, quand le solde de l'impôt arrive au moment d'une période de ...
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Reference comments

3 hrs
Reference:

source text

SET UP A SEPARATE TAX FUND

Another thing that many freelancers fail to account for is the impact of taxes. In fact, many new freelancers are totally shocked when they fill out their first post-freelance tax return and find a huge bill waiting for them.

The sad truth is that tax rates are higher for freelancers and the self-employed, and short of petitioning Congress, there is not a lot you can do to change that. What you can do is be prepared, and that means setting up a separate account just for taxes.

If you are working with a tax professional, ask that individual for an estimate of your total tax bill. If you are doing things on your own, you can use a commercial tax program to calculate what you owe. Either way, you will need to make quarterly payments to the government, so set that money aside in a safe place so it will be there when it is time to pay up.
http://www.accounteer.com/blog/smart-finance-tips-for-freela...
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