Contracts and Finance
Contracts and Finance | 3 MIN READ
It’s an unfortunate truth that many environmentally friendly products and services cost more than their less-green counterparts. But going green doesn’t always mean you have to spend more. In fact, independent contractors can actually save a surprising amount of money by adopting a green attitude towards daily business tasks. We’ve compiled a list of five quick…
Contracts and Finance | 4 MIN READ
Build business credit for your small business by following these three essential steps.
Contracts and Finance | 5 MIN READ
This tax filing and payment relief also extends to estimated tax payments for 2020 that would typically be due on April 15. Even with the extended deadline, you may want to consider at minimum filling your taxes by the original April 15 deadline if you are able to do so. Because the income tax refund…
Contracts and Finance | 4 MIN READ
Life as an independent professional involves a different approach than that of a full-time employee, and the same can be said for independents come tax time. Since many independents receive payment on a 1099, tax time for independents isn’t as straightforward as simply plugging a few numbers into an online tax calculator. Here are five…
Contracts and Finance | 4 MIN READ
If you’re an independent professional, you’ve likely gotten a contract that required business insurance. While the flexibility and autonomy of working independently are a large part of what draws so many people away from the traditional W-2 lifestyle, they also means you have to navigate the complicated world of business insurance on your own. Liability…
Contracts and Finance | 4 MIN READ
As an independent professional, prospective clients will often ask you for a proposal or a Request for Proposal (RFP)—a more formal document where you propose a solution to the client’s problem or business need. RFPs will also include information about your business such as details about your services, methodology, and estimated costs. Proposals are a great…
Contracts and Finance | 4 MIN READ
One of the most important tasks you’ll take on as an independent contractor is tracking and billing your time. Whatever billing method you choose, you’ll want to present a reputable, professional contractor invoice to your clients. Follow these five tips to present a clean, professional invoice to your clients. 1. Set a Billing Policy Creating…
Contracts and Finance | 3 MIN READ
Independent contractor agreements are a written record of the agreement between consultant and client. Not only do they provide legal protection, but they also create a sense of professionalism, encourage communication, and ensure an efficient and streamlined process to complete the project. Contracts can be as long or as short as you need. Taking the…
Contracts and Finance | 7 MIN READ
In late 2017, President Trump signed into law the Tax Cuts and Jobs Act (TCJA), the biggest overhaul of the U.S. tax code in more than 30 years. Today, the IRS is working on implementing the TCJA. One of the major changes in the law is, as described below, a deduction for certain “qualified business…
Contracts and Finance | 4 MIN READ
Estimating your tax returns as an independent contractor is an important part of financial business management. If your net-earnings from self-employment are more than $400, you likely need to file an annual return and pay estimated taxes quarterly. Filing your annual tax return is pretty straightforward. Use Schedule C—this is where you will report your…
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