I'm currently on sabbatical (sounds better than unemployed) and may be picking up some work shortly. The potential company wants to pull me on as a 1099...
Hi Jim. I've found that if you are just working as an individual (i.e., not an S-corp, not an LLC), you can handle the taxes on your own, likely. However, if...
Thanks for the comments, Scott. I don't know enough about the various sorts of small business types yet, one of the many things I need to check into. I need...
Great posts, Scott -- plus you got a few helpful comments, too. Your discussion of the various corp types was particularly helpful. Thanks for the reference!...
Thanks for the tip, Scott. I'm still an employee, but I also do contract work, and for the time being, I've kept track of my own expenses and did my taxes...
Affordable depends upon many things. I, in NJ, pay a little over $10k per year for myself, wife and daughter. This is a lot of money, but worth it for us....
Jeffrey, I get my health insurance coverage through my wife, who works as a full time employee. But your concerns are shared here, as once we start a family...
I do the same as Scott, get my health benefits from my wife's fulltime job, but not everyone is as lucky as Scott and me. If you want the best of both worlds,...
Phil, no, you can be a resident of any state to use a pass thru company. But, since they are doing the payroll processing for you, each company determines...
Hi all, My name is Jeremyx and I'm thinking about going independent :) Background: I am a software developer, 6 years +. I have a day currently and have been...
Hey Jeremy, welcome to the group. 1) Can't help you on the health insurance, as I am on my wife's which she gets through her job. 2) I think to start off you...
Hi Jeremy, For healthcare I would advice you to get it from your wife or concubine. When you have a big family as you have it becomes really expensive to pay ...
I'm making myself step back and write a business plan so I focus on what my goals for a potential small biz would be. (A vehicle simply for me to throw money...
I use Quickbooks Pro, and love it. Evaluated Peachtree and did not like it. Francesco On Fri, 29 Apr 2005 13:44:42 -0400, "Jim Holmes" <geekjim@...>...
I've never used PeachTree, but Quickbooks isn't so bad. It's a bit annoying b/c it has ads embedded in it like nobody's business, but the software's pretty...
Quickbooks is pretty good, but I agree the constant selling is pretty annoying. You will see a feature, get excited, then be sent to some site to pay for it......
We do the payroll manually as well. My wife finds it interesting to do, apparently (an accounting type) and is tooo cheap (she prefers "thrifty" to pay the...
Also, using Quickbooks. _____ From: going_independent@yahoogroups.com [mailto:going_independent@yahoogroups.com] On Behalf Of Douglas Reilly Sent: Friday,...
I've been a lurker up until now. <QuickIntro> I'm a 25 year old Independent C# developer out of Sacramento, CA. While working at my previous employer, an...
I say spend the $295. I mean, do you really want to write your own accounting software? If you did, I'm pretty sure it would "cost" you more than $295 of your...
I totally agree with you Dave. On the other hand if you had a client that would ask you to write an application such as Quickbook then I would recommend you to...
... Hash: RIPEMD160 Yama, Be prepared for a bit of a shock. The U.S. tax system is structured to hide the actual tax rate from you - your employer pays taxes...
The nuts and bolt going independent is being able to charge clients $75.00 or more... Otherwise it isn't worth... That's approx. ($75.00/hours)*(40 ...
... The big assumption you are making is that you can maintain that level of billable hours going independent. Which you might if you get a long term, secured...
Brian is 100% correct. You have to discipline yourself to pay your Quarterly Federal taxes (with is pretty simple with EFTPS.gov), your state taxes, and ...
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