Skip to main content
/
freelance business healthsolo business scorefreelancer financial healthclient diversificationfreelance cash flowcontractor financial checkupself-employed business healthfreelance retirement
//// Business · Freelance

Solo Business Health Score

Rate your freelance business across 6 dimensions — cash flow, rate health, client diversification, tax readiness, retirement, and contract protection. Get your score and top 3 actions.

Corp Tax Rate21%
SE Threshold$400
FICA Cap 2024$168,600
50/100
Developing

Solo Business Health Score

Your business is Developing

Cash flow

+$6,000/mo surplus

Top 3 actions

1.Start making quarterly estimated tax payments to avoid IRS penalties
2.Open a SEP-IRA or Solo 401(k) — soloists can shelter up to $69,000/yr tax-free
3.One client is over 30% of revenue — actively prospect to reduce concentration risk
Cash Flow63
healthy

Build your emergency fund to 3+ months of expenses

Rate Health95
thriving

Keep raising annually to stay ahead of inflation

Client Diversification48
developing

One client is over 30% of revenue — actively prospect to reduce concentration risk

Tax Readiness0
critical

Start making quarterly estimated tax payments to avoid IRS penalties

Retirement Savings10
critical

Open a SEP-IRA or Solo 401(k) — soloists can shelter up to $69,000/yr tax-free

Contract Protection50
developing

Add a kill fee clause (25-50% of remaining contract value) to protect against cancellations

Your numbers

Cash Flow

Average gross income per month

$

Business costs, software, tools, etc.

$

How many months of expenses you have saved

mo

How long clients typically take to pay

Rate Health

Your effective rate for billable work

$/hr

Years of experience as a soloist

yrs

Client Diversification

What % of revenue comes from your biggest client?

%

Tax Readiness

What % of income you expect to owe (0 = don't know)

%

Retirement Savings

Contract Protection

Scores are for self-assessment only — not financial, legal, or tax advice. Results reflect inputs you provide and benchmarks based on common freelance patterns.