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

Any MVIS longs on here? If so, at what $ did you buy in at?

like

Is a 900k net worth for a single person at almost 40 good or terrible? I see posts from our US counterparts on net worth and salary and feel so behind yet we have such a high COL in Toronto.

like

How would you allocate $200K today, knowing (1) this is in addition to your HYSA, investment, 401K.. (2) you have no immediate use (3) if we see a drop in real estate price in the next 1-2 yr timeframe, this could be part of your down payment for a house in HCOL

like

Who day trades / swing trades with another job? Any tips?

In particular wondering if it’s a sustainable side income or just for fun, and what are you trading (stocks, crypto, forex, futures, etc.)?

like

I’ve always been a big saver minimum 15% to maxing out my 401k since I graduated college. I’m married to someone who thinks 6% is enough and likes $$$ cars. Other than the cars, they dont really spend money. For the married 🐠, how do you have the conversation with them that what they are doing isn’t enough? I try to guide them and say you want the $$$ cars but the salary you have won’t get there and you’re going to have to find a job that gets them the salary…. Then the fight starts.

like

Are we on recession? My portfolio is super down - low cost ETF investor here

like

Anybody know what's up with QS?
Good to buy the dip? They down 40%

like

Thoughts on purchasing leads?

like

Hey beautiful people,
I’m 27Y and work in tech. Unfortunately my carpal tunnel is getting worst slowly. I’m worry that I still have like 45 years more to be retired and can’t stop working because I have a f* mortgage to pay 😭 I have a super ergonomic workstation, but I know my hand needs a long rest, and I can’t do it… Does anyone relate? What do you recommend?

like

Hi i lost majority of my money in the stock market. I married and promised my family that I will not make the mistake I made 7 years ago. Gambling. Is this an addiction I have. I keep selling stocks and taking loses buying other stock hoping it will recover but never did and sell again taking loses and buy again. It now sink in to me. I borrow personal loan hoping that the market will do k and I pay it back but I even lost that. I can't stop crying that I hurt the one I love the most my family.

like

Talk me out of (or into!) buying a 2000 M Roadster. $14.5k, 111k miles. Mechanically sound with records, cosmetically nothing I can’t repair/replace.

like

Market sell off - You buying or selling into the weakness?

like

We bought a condo in February 2022 then as you know prices are going down while rates are flying up 😭 We're quite worried about the value of our home and can't really enjoy it. What's your thoughts about this? PS. First time home buyers 🤫

like

Moving from the US to Singapore soon. On a 90k salary, how much should I budget for rent? Ideally I want to live in neighborhoods close to central locations such as Tanjong Pagar, but I’m not sure if it’s possible.

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

where is the best place to sell or trade in my used car? (2019 van low km’s)

like

I’m loyal to delta, but I’m moving to a city where American is the main hub and Delta has practically no non-stop flights to/from there. It’s time for me to open a new credit card, so I was considering the Citi/American one. Any thoughts?

like

How to invest in Direct Growth Funds? I've created a CAN ID using MF Utilities. It asks me to login and proceed but I don't have my login ID generated. Should I wait for more time as my CAN ID was approved only yesterday?

like
like

More Posts

What should a commercial claims account manager be making as a salary ? Handles asbestos claims only. Works for a TPA handling claims for 4 carriers. Law degree with many years trial experience as in house ID but for personal lines. This is first job handling commercial claims

like

Hey everyone. I’ve been hearing a lot lately that we need 2-page resumes instead of the standard 1-page. Thoughts?

like

Can anyone refer me for open ensemble health jobs?

like

Would anyone from Centerview be willing to connect briefly? TYIA!

like

I work at a surety agency and we would like to branch out into P/C commercial lines. Anyone know anything for sale? Or where to look?

like

Looking for a lawyer for get prenup done. Any recommendations will be helpful

likefunny

Does anyone know if we get Verizon or Apple discounts through Accenture? If so, where do I find more info? Buying a new phone at the moment

like

Is it possible to transition from antitrust litigation to general litigation?

like

2 year of experience

like

Man PwC PEVC is poaching KPMG Strategy folks like crazy! Recruiters are swarming the DMs out here. Does this mean that the good natured roasting that KPMG Strat gets is just for jokes and in actuality we’re actually well respected professionals? I’m actually very impressed with the practice and everyone I’ve worked with and I feel as though clients really gravitate towards us as well given the positive numbers this year. Jw what our true reputation is out here on the streets is all

like

Spent the pandemic working on myself, got sober, focused on working out, left the music industry and started a career where I can make money and have a steady work schedule. Maybe this isn’t everyone’s version of “growing up” but that’s what this was for me. Now that I’m vaxed and seeing my friends, it’s clear we have little left in common, and honestly a lot of the things they do straight up embarrasses me. I don’t want to lose these long term friends. Has anyone else been in this situation?

likehelpful
like

How do people feel about VGAC going for the 23 and me merger? Shares are about $10 now and I’m thinking I might buy in and see where it goes. Thoughts?

like
like

A producer that I know, from a multinational company in Dubai told me that they smoke inside the office, like in their tables, meeting rooms and everywhere surrounded by non-smokers. HR and management knows, and also it's against the law. He's struggling everyday and doesn't know what to do. Did you face something like that? What's the solution?

like

Curious to hear how others create a SOW for a video where the concept isn’t created yet. e.g. a startup asks for a proposal/estimate for a 60-second brand video with little input and a vague budget range. We’ll create the concept and produce it. My Co. seems to have challenges with getting the SOW right: either goes very basic or doesn’t scope enough because creative development is baked in but eats up time. How do you do it?

like

Anyone have a recommendation of a production partner that can install Grand Opening signage packages for a national scale retailer?

like

Is there any good reason to take a 10+ minute call in a bathroom stall at work? Noticing people doing this as RTO ramps up and I really don’t understand why you wouldn’t go outside or at least in your car.

Anyone analyze QoEs before? Need to come up with questions for due diligence call and looking for some guidance

like

Additional Posts in Advertising

Is helping with pitch work worth it where you work?

like

Is it common to hate your job some days, and love it other days? Or is that a sign of a place you shouldn’t be at?

like

A month ago my boss told me I was getting a promotion and a raise. My raise was effective May 15th, and it has been reflected in my pay. He told me to keep it on the down low since there were no(cont)

like

anyone have any insight in Apple's work culture, workloads balance and benefits in genera? i'm in interviews with them right now + Twitter Apple

likeuplifting

Leaving a senior position for ACD after only a few months on the job. On a scale of 1-crying ceo how much will my current agency hate me?

like

We’re in such a vicious business. You give your heart & soul to an agency, a client, a brand. Then the wind changes & you’re laid off, reassigned, chewed up, spit out, on to the next. I’m tired.

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

As a female thirty-something in the industry, feel like I'm just starting to be aware of pay discrepancy 🙄. Curious to hear from others which of our agencies adhere to standards of gender equal pay?

like

Burnetters are always last to know about Burnett news. 😑

like

Curious: What percent of your income do you give to charity?? 💰💸💰💸

like

How do you deal with CDs and ECDs who clearly favour the guys in the (otherwise all male) department for no reason other than they're also guys? Do you bring it up with them? Go elsewhere?

like

Are any BIPOC here having direct conversations with their managers about racism or micro-aggressions that they’ve experienced in the workplace? If so, how have those conversations been going?

likefunny

Anyone else think the panel backdrop at the adweek conference gives target vibes?

likefunny

LA folks, how do you meet people in this city? Just moved here and have some friends but am eager to meet more. Any tips?

like

Is $1K/day under or over for freelance ACD in NY?

like

What are some things you’d write in account person’s 360 review?

like

Don’t you think it’s strange that a lot of creative recruiters and resource managers never accept requests on LinkedIn? Blows my mind.

likefunny

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

How many agencies that have spent the last year talking about Black Lives Matter/equality/diversity and then don’t do a very simple thing like closing in recognition of MLK Day?

likesmart

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