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4 Expense Tracking Tips for Consultants

By Ralph Carnicer

If you’ve been an independent contractor for more than a year, you know how fun it can be to gather up your expenses come tax time. This is definitely one of those times where an ounce of prevention is worth a pound of remedy. That’s why we’ve come up with four tips to help you…

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8 Ways To Cut Expenses When You’re Self Employed

By MBO Partners

There’s never a bad time to check your spending and reassess your expenses. While any business budget can benefit from a little belt-tightening, as an independent contractor you deal with smaller profit margins than large companies. That means the need to keep expenses to a minimum is more pressing. We’ve assembled a list of 8…

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Consulting Rates: How to Determine My Bill Rate

By MBO Partners

How do you calculate your consulting rate?  It’s a question most W2 employees ask themselves when they want to become a consultant. How can you maximize today and prepare for a profitable consulting business? 1. Evaluate Your Bill Rate When’s the last time you evaluated your pricing strategy? Have your bill rates remained steady for…

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How to Bill and Invoice Clients: 10 Steps to Get Paid on Time

By MBO Partners

10 simple steps to billing a client to ensure you get paid on time.

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How to Save Money by Going Green

By MBO Partners

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…

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Tax Reform and Independent Contractors

By MBO Partners

</ifram The U.S. Tax Cuts and Jobs Act, passed at the end of 2017, is the biggest overhaul of the U.S. tax code in more than 20 years. If you’re currently working as an independent professional, here are three things you should know about the new law. 1. Section 199A Section 199A is a new…

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Write an RFP that Wins Clients: 10 Steps

By MBO Partners

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…

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Pay Rate vs Bill Rate: What’s the Difference?

By MBO Partners

Bill rate and pay rate are easily confused, but they both factor into the decision of how much you should charge for your services as an independent contractor, consultant, freelancer, etc. When negotiating with a client at the start of a consulting project, make sure you are clear on your rates, and if you are…

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Financial Advisors Independent Contractors Need

By MBO Partners

Being self-employed means you need to be a lot of things: CEO, new business developer, project manager, collection agent, and more. When independents can balance it all, they can have it all: good clients, a solid rate, a strong and steady pipeline of projects. This is what makes these independents rock stars. However, due to lack…

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