Contracts and Finance

Which bill rate is right for you?

3 Ways to Calculate Your Bill Rate for Consulting Services

September 24, 2020

Calculate your billing rate and find tips to help you evaluate and maintain your consultant salary.

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How to Write a Consulting Proposal: Template and Guide

September 8, 2020

Starting a new business or landing a new client often begins with writing a proposal. Mastering the details of how and when to deliver a proposal to a potential client will help you win new business, find and retain clients, and become an expert in showcasing your skills and abilities. What is a Proposal? A proposal…

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Tax Implications of Becoming an Independent Contractor: What You Need to Know

August 12, 2020

If you’re ready to take the leap and start your career as an independent professional, there are a few key steps to take to build a successful business. Understanding the tax implications of becoming an independent contractor is an important part of your financial preparation. While your employer was required to withhold federal income, Social…

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How to Write a Consultant Contract: Guide and Templates

July 27, 2020

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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When and How Independent Professionals Should Offer Discounts

July 2, 2020

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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Saving vs Spending as a Small Business Owner

June 29, 2020

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 vs Net Income: Definitions and How to Calculate

June 10, 2020

What is the difference between gross income and net income? 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…

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9 Self-Employed Tax Deductions You May Overlooking

May 8, 2020

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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Scope of Work SOW Template for Consulting Services

May 7, 2020

Learn the critical components to creating a Scope of Work (SOW) document to properly plan and manage your projects.

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How and When to Raise Your Bill Rate for Consulting Services

May 4, 2020

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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