Freelancers - who’s your tax guy ? I’m very, very confused.

like
Posting as :
works at
You are currently posting as works at

You need a tax person / accountant to advise if you have multiple 1099s and have not paid any quarterly estimated tax payments, and get one fast - as you want to make sure you are paid in by end of year to avoid any penalty. You cannot punt the full tax bill to next April. Get one local to your state or familiar with it. Good luck

like

Are you 1099 or going through an LLC/s-corp?

Are you able to set up an llc and have your clients pay that? Will they accept an EIN? If so, filing taxes as an S-corp will be your best bet for saving on taxes

If it‘s W2, there’s no fee right?

Right, your tax is withheld by your employer.

Related Posts

Is it possible to be a “silent” investor (party A) with a friend who’s an accredited investor (party B)investing in a company? So if B is investing $50k in a company, and A wants to give B $25k of that investment, is this possible with an agreement between A and B, where they’re responsible for their own portion of taxes?

Anyone know the average annual rent increase for 1200 sqft 2 bedrooms? I’m renting and want to know what to expect in a few weeks

like

If I see one more article on how millennials are ruining the economy or housing market by not buying enough homes or selling enough homes I'm going to scream. We were saving for 3 years before Covid and had to use a solid chunk to take care of ourselves and our families during quarantine. Now that we're ready to save again inflation and COL are at an all-time high and we're headed into a recession. And somehow this is my fault for what...not being a boomer? Bffr.

likehelpful

Those who moved nyc to nj- assm min change in rent, how much did you save on an avg cause of taxes etc.?

like

Hey everyone happy to connect with others pursuing ETA. Starting a traditional search

Planning to buy a condo in 451 W Huron - Yay or Nay? Will live for a year and then rent it out. Don’t want to renew lease another year.

like

What are your plans for your tax return? Looking for some ideas that are reasonable, Thx.

I am working from EU since last year (internal transfer from India), also doing freelancing for an another startup since last 2 years and the payment is going to Indian account.
My employer assigned a tax consulting company in India to support me in filing tax, somehow the tax consulting firm found that bank account via AIS document (not sure how they get it in that doc), as they found some interest credited for that saving account. Will I be in trouble? will I have to pay penalty :(?

like

Don’t mix Investment and Insurance.
Buy term insurance in your early age.
Invest mix mode equity and debt .
Ping me for invest and insurance help.
Also get discount price for insurance

like

What is the value of / case for hiring a wealth manager with management fees (say 1% of holdings) as opposed to investing directly in ETFs/index funds yourself (through any of the brokers like Fidelity, Vanguard, etc.)?

like

Guy slid into my DM’s asking to be my sugar daddy. But he wants my PayPal info to send me money. Is PayPal a safe way? Also lol what is my life 🤦🏼‍♀️

funnylike

In chamath we trust. This guy prints money. The wave will end eventually but damn it has been good.

like

With the latest Southwest Visa cc, you get 4 upgraded boardings a year. I’ve used 1. My question is this. What is a “year”? Is it calendar year or your anniversary date of when card was issued?

like

Need help looking for a 1 bd, I’ve tried domu/Zillow but none of the options are appealing. Should I be using a realtor?

Budget: $1,200
Areas of interest: LP, Lakeview, Wicker Park, Old Town, Streeterville, West Loop, River North

like

What are some good modern/post-pandemic personal finance books you can recommend?

How's Manor as a city in terms of buying a single-family home: school-wise, future price appreciation of houses etc ..?

like

Has anyone used or heard about Flagstar Bank for mortgage? Seem to have a great program for JDs, wondering if anyone has any bad experiences or good experiences with them

like
like

Recent college grad with ~$25k in student loan debt and no investments. I have about $10k I want to invest but I have no idea where to start. Please help

More Posts

My landlord requested a $100/month increase in rent. I want to push back on that increase, given the uncertainty around corona virus effects. I need to re-sign by April 1st, if I wish to extend. (1/2)

like

Steel Case vs Herman Miller

Is Herman Miller the undeniable winner in the office chair market or is Steel Case a contender for first?

like

Considering moving from BD/Partnerships in tech to Corporate Development. Has anyone here done it? Did you like the switch and do you have any pointers on getting in

like

Any recommendation for a therapist around Jersey City/ NYC area? I have called 15 people so far and none of them are taking new clients. This isn't helping my anxiety.

I recently joined TW some months back and I dont know why I think have made a wrong choice for myself. I am feeling like I am lost. I am not able to fit in in this high expectations environment. I am used to working in a place where we always worked by taking help from others and here it is sort of assumed that we would be knowing everything right from day 1. Also there is no pairing in my project. Any suggestions on what should be done would be welcome.

like

26 F Gujarati, looking for someone in Chicago!

like

What do I do if I’ve only worked one job (the one I’m currently at) and another company is asking for references? I could do professors from college but not sure if that’s a good idea. I wish I could give my current manager’s contact but I don’t want her knowing :/

like
like

Had a second date planned for tonight, she text me this morning and has a high fever! Should I send a care package?

like

When you have meeting outside of the office and realize there is a life outside of your floor...

like

Hi , can we bring our personal iPads/ tabs to office?
Before how many hours i can register for ad hoc ? Before how many hours should i register / edit normal cab options? Please clarify .

EXL…. A tatti company. Please don’t ever join.

like

Hi All,

What is the salary range for Managers in Deloitte India Consulting practice for B.Tech background?

like

What are the best websites you’ve used when applying for a new job? Any that are specific to saas/tech sales or ones that have yielded good response rates?

like

Dreamt last night that we lost my account because my team thought the phone was on mute when talking shit... it wasn’t 😳

like

Anybody interviewed for a data engineer role for Facebook? I have a SQL and Python coding interview next, any idea on what to expect?

like
like

As a Male how does this benefit work ? Wife has benefit from her employer as well. What can i use my benefit for?

like

Are any Consulting firms hiring H1Bs in US? Came across job postings from OW, Alix but they all mention they don't want any H1Bs. Want to move from Deloitte.

likefunny

Hiii Fishies, can you please help me?

Additional Posts in Advertising

For those that take on small freelance projects on the side (more consulting/work for small companies, night/weekend hours), is it worth setting up an LLC for that? Do you typically lower your rate for small companies vs what it would be freelancing at a day rate for an agency?

like

Client on my coworkers account has requested if they can run banners on Breitbart news. Help. Get me outta here.

like

God gives his toughest briefs to his best creatives 😌

likefunnyuplifting

Is Avocados from Mexico doing a SB spot this year? If yes fingers crossed shit will get real

like

Why the heck does being good at writing and concept mean I should spend MORE time in meetings? This system makes no sense. just let me do what I'm GOOD at.

likesmartfunny

How long can you go without having anything to do before you get laid off?

like

dentsu is over party 2020

like

So how much money did Jim Carey get for his Super Bowl spot? Guesses?

like

What's the highest salary you know for a fact that someone in advertising is on, and what's their role and city?

like

Tired of this constant grind and constant layoff situation in NYC. Thinking of making the move to LA. Any thoughts? Yay or nay?

like

P&G tells Campaign they want less Account Execs and more Creatives for their money. My agency has six account people and two creatives on a major client so this makes sense!!

likesmart

Ahh get a second job. Thanks Wired.

Post Photo
funnylikesmart

Has anyone been fired? How’d you bounce back? How did you approach it when applying for new jobs? I’m legitimately worried I’ll be fired and could use some advice.

like

Is everyone else just living for that week between Christmas and the New Year when your agency shuts down?

like

Is anyone else trying to search for the ads during the Emmy’s right after you see them on TV? I need to share them to my non-ad friends!!

like

Stealing The Crazy Ones and making that mess is a new low.

like

Am I the only one who laughs when I read “no remote” in the middle of this Delta surge?

like

So had client call, wrote down all my notes as they spoke. Confirm next day when everything is going to shit and they reply “this is categorically wrong what are you saying”. Contd in comments

like

I know agencies across the board did some layoffs right before the holidays, but when do we think hiring will pick up again? Getting to a point where I feel like I need to start thinking about a change.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal