Contracts and Finance
If you’re looking for a way to boost your business, you may have considered offering a discount on your services. After all, what’s more enticing to customers than a good sale? But when it comes down to it, is discounting really a smart way to bring in more clients? Unfortunately, unless you are a large,…
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As you pursue your career as an independent professional, you’ll quickly discover that your success is tied to the business decisions you make. What you choose to do with your money is an important part of that challenge. Which purchases are smart investments? Which are simply a waste of money? Here are three areas where…
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Gross income is the total amount you earn and net income is your actual business profit after expenses and allowable deductions are taken out. However, because gross income is used to calculate net income, these terms are easy to confuse. When you run your own business, understanding the difference between gross income and net income…
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Properly managing business expenses is not just good business, it’s also a good income strategy for an independent contractor. As a business-of-one, you will likely incur fixed costs that can’t be billed back to a client. You may also need to take care of expenses such as health care and retirement. Each of these fixed or variable costs…
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Learn the critical components to creating a Scope of Work (SOW) document to properly plan and manage your projects.
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Are you at are at a point in your career where you have years of experience, produce high-quality work that is backed by client recommendations, and provide services that are in demand? If so, it may be time to consider raising your rates. Clients are looking for a trustworthy, knowledgeable, and reliable independent professional who can…
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In response to COVID-19 (coronavirus), the 2019 income tax filing and payment deadlines for all taxpayers who typically pay their Federal income taxes on April 15, 2020 have been extended until July 15 of this year. This tax filing and payment relief also extends to estimated tax payments for 2020 that would typically be due…
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Beyond the daily hustle and bustle of grocery store trips and errand runs, many independent consultants depend on their car as a means to get from project to project, or client to client. When the family van becomes the corporate car, it’s time to take advantage of deductions for business-related mileage. Here’s what you need…
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Learn how to write and negotiate the right independent consulting agreement. Learn the key ingredients of a contract, different types of contracts, and mistakes to avoid.
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Calculate your billing rate and find tips to help you evaluate and maintain your consultant salary.
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