Contracts and Finance
Contracts and Finance | 4 MIN READ
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…
Contracts and Finance | < 1 MIN READ
GUIDE | 10 MIN READ
The modern independent consultant must be adaptable to their surroundings, particularly when client organizations change rapidly.
Contracts and Finance | 4 MIN READ
Entering into a verbal contract with clients is a common practice among independent professionals. Without the red tape and bureaucracy that can slow down larger businesses, independents enjoy the advantages of being flexible and agile in transactions and deals. However, while verbal contracts often simplify business, if things go sour they can end up complicating your relationship…
Contracts and Finance | 5 MIN READ
In any business agreement, it is highly recommended to use a well-written contract, and the terms of the contract are often the result of negotiation between the parties involved. Contracts provide clarity, establish a relationship, and offer protection to all parties involved. For these reasons, many independent professionals wisely insist on using written contracts for…
Contracts and Finance | 5 MIN READ
Writing contracts is an important part of your business as an independent professional. A contract defines the work you agree to do for a client, and it also provides you with legal protection. Contract negotiation can be an intimidating part of starting a new project but setting up this legal framework will help protect you…
Contracts and Finance | 3 MIN READ
Contracts are an important part of starting a new project. They provide legal protection, discuss services to be performed, and include payment terms and conditions. If you’re new to the process, you may find that drafting a contract is a complicated task, requiring specific key terms, provisions, legal obligations, and ultimately, client agreement. As a…
Contracts and Finance | 5 MIN READ
Filing taxes as an independent contractor can be a tricky road to navigate. When you work as an employee, your employer is required to withhold federal income tax as well as Social Security and Medicare taxes from your payroll check, but as an independent, you’re on the hook to do this yourself. When you work…
Contracts and Finance | 4 MIN READ
There are a few different ways you can get paid working as an independent contractor. Typically, you will get paid either by the project or by the hour—this is determined by your bill rate and the written contract you establish with your client. 1. Hourly Payment Most independent contractors prefer to set an hourly-based bill…
Contracts and Finance | 4 MIN READ
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,…
Contracts and Finance | 3 MIN READ
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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