What is a freelancer?
AnswerA self-employed person who works for multiple clients
Freelancers sell their services project by project rather than to one employer.
Careers · Facts & stats
Freelance facts & stats
7 fact-checked facts about freelancing, independent work and client projects, each with the reason behind it. 5 more are in today's round and join this page after it closes.
The basics
What does remote work mean?
AnswerWorking away from a central office
Remote workers do their jobs from home or other locations.
Going deeper
What is a retainer arrangement?
AnswerAn ongoing deal where a client reserves your time
On retainer, a client books a set amount of work over a period.
What is an invoice?
AnswerA document requesting payment for work done
Invoices list the work, amount due and payment terms.
In project work, what does SOW stand for?
AnswerStatement of Work
A statement of work spells out tasks, deliverables and timelines.
Expert level
Which US tax form reports nonemployee compensation paid to independent contractors?
Answer1099-NEC
Businesses use Form 1099-NEC to report payments to contractors.
On an invoice, what do the payment terms Net 30 mean?
AnswerPayment is due within 30 days
Net 30 means the full amount is due 30 days after the invoice date.
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