Tweet
Has anyone here ever been self-enployed as a consultant? I will be doing this for the next three months.. Never done it before.. I just need some advice on how to handle my finances - should I get a CPA's help or are the tax implications not a big deal.. I've seen some web businesses that will "hire" you as an employee for the duration of your contract. They will give you benefits and handle your taxes. The fee is like 4% of your billing rate. Anyone have an opinion on that type of service?
-
-
Sorry, I don't have any knowledge about what you seek.
What I am curious is what business are you in? I heard that consulting pays superbly, but I always wondered - what is it that an outside consultant can tell a company about it that its employees can't? -
It's the bullsh*t industry...Speaking of Erith:
"It's not twinned with anywhere, but it does have a suicide pact with Dagenham" - Linda SmithComment
-
... therefore as a poster in the OTF Brundlefly is eminently suited for it.Comment
-
i could be a cannabis cultivation consultant
To us, it is the BEAST.Comment
-
Since when is a management professional advising a practitioner about their business bull****, any more than a medical consultant advising a doctor, or a scientific specialist advising the government?Originally posted by Provost Harrison
It's the bullsh*t industry...Smile
For though he was master of the world, he was not quite sure what to do next
But he would think of something
"Hm. I suppose I should get my waffle a santa hat." - KuciwalkerComment
-
It depends on how much money you'll be making, and what your expenses are. If it's too complicated to explain, get an accountant.Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...Comment
-
Keep your receipts for travel, purchases, etc. Then have an accountant do your taxes.Comment
-
Usually, an employee has a vested interest one way or another, while an outside consultant supposedly would do things in the interest of the company overall.Originally posted by VetLegion
...but I always wondered - what is it that an outside consultant can tell a company about it that its employees can't?
Of course, consultants are often brought in to voice an unstated position of the senior management, but that's another story.(\__/) 07/07/1937 - Never forget
(='.'=) "Claims demand evidence; extraordinary claims demand extraordinary evidence." -- Carl Sagan
(")_(") "Starting the fire from within."Comment
-
Get a CPA. If you're making decent money they will help you save more than there fees will be. I wouldn't want to figure out all the Social Security and insurance stuff. Let them do it.Comment
-
Funny, I got the impression that they told people what they already know, or very little that is new, but nicely wrap it up in an animated powerpoint presentationOriginally posted by Drogue
Since when is a management professional advising a practitioner about their business bull****, any more than a medical consultant advising a doctor, or a scientific specialist advising the government?
Speaking of Erith:
"It's not twinned with anywhere, but it does have a suicide pact with Dagenham" - Linda SmithComment
-
-
I'm a software developer. I was hired to be a consultant for 3 months and then become a full-time employee. My future employer is a company that provides outsourcing solutions by the name of Perot Systems.. Actually, I'd rather not be a consultant at all, but my recruiter and Perot Systems worked a deal that allowed the recruiter to be compensated for finding me by billing my services to Perot Systems for 3 months as a consultant...Originally posted by VetLegion
Sorry, I don't have any knowledge about what you seek.
What I am curious is what business are you in? I heard that consulting pays superbly, but I always wondered - what is it that an outside consultant can tell a company about it that its employees can't?Comment
-
Get an accountant now. My wife was an independent contractor, and the tax bite, combining our state, federal, local, and social security taxes was 52%.
It was the only time I've purchased fairly current tech, because I was essentially only paying half price (it was deductable). We upgraded from a Athalon 500 to an Athalon XP 2800, and from a Matrox G400 to an Nvidia Geforce 4 Ti4200 - a quantum leap so to speak. Talk to an accountant yesterday, find out what you can deduct, and make the appropriate purchases. Make absolutely certain you make your quaterly tax payments - and enjoy your new postion.
The worst form of insubordination is being right - Keith D., marine veteran. A dictator will starve to the last civilian - self-quoted
And on the eigth day, God realized it was Monday, and created caffeine. And behold, it was very good. - self-quoted
Klaatu: I'm impatient with stupidity. My people have learned to live without it.
Mr. Harley: I'm afraid my people haven't. I'm very sorry… I wish it were otherwise.Comment
-
I spoke to an accountant. There are very general guidelines to what can be deducted. What else were you able to deduct besides tech equipment?Originally posted by Mr. Harley
Get an accountant now. My wife was an independent contractor, and the tax bite, combining our state, federal, local, and social security taxes was 52%. It was the only time I've purchased fairly current tech, because I was essentially only paying half price (it was deductable). We upgraded from a Athalon 500 to an Athalon XP 2800, and from a Matrox G400 to an Nvidia Geforce 4 Ti4200 - a quantum leap so to speak. Talk to an accountant yesterday, find out what you can deduct, and make the appropriate purchases. Make absolutely certain you make your quaterly tax payments - and enjoy your new postion.
Comment
Comment