What percent is set aside for federal?

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

I save 33% for taxes.

likehelpful

If you’re in NYC, it’s best to tuck 40% away for taxes

likesmart

Bizarre. In that case, I’d look up your highest federal tax bracket and save that percentage. (Federal tax brackets are progressive so you’ll have some funds left over)

helpful

Your CPA should be sending you quarterly tax vouchers

If you make more than 100k a year on 1099 you should have a professional setting up an S-corp and a proper tax structure. You’ll pay closer to 20% Total

likehelpful

I have my own S-Corp. better for my taxes

Depends on your income bracket. Google “federal tax rates/brackets 2022”

helpful

Get an accountant please it’s the best advice anyone here can give you first year freelancing.

Doesn’t matter what are you grossing? They can help your write off a ton of your everyday expenses

Related Posts

No, you’re not. Better yourself.

Post Photo
funnylike

😇 word on street is that we are all getting pay increases next cycle

like

F/25/bi here. Any other good dating apps besides HER? That is the only one I’ve tried.

like

I am looking for accommodation in Banglore HSR layout or near by location. (1Bhk,semi/fully furnished)
Any leads
(What would be tentative charges for maid incl. Cooling cleaning n clothing)

like

Anyone in NYC looking for a post manager, post supervisor, or post producer?

Available immediately DM for resume!

Anyone hiring in the EU? (Sweden specifically) my partner followed me here to support my dreams (just got my dream gig) would love to help him find his now! He’s got a valid work permit!! Looking for a creative management role ( senior account exec/project manager)

like

Can you recommend any resources to gather data on risk ratings etc for benchmarking? Particularly interested in sector breakdowns and publicly available sources are scarce. Thank you!

like

Hi All,

Is there any experienced professional in Python(especially in Web development related projects/maintenance/python application support) who can help me to prepare my resume and it's contents?

The challenge is i need to show my previous experience as well.
That's the reason I'm seeking help.

Hey Nurses!!

I’m starting a weekly podcast where I (a nurse) have long form conversations with other nurses. I don’t want the podcast to feel like a formal interview, but I down to earth, comfortable conversation.

I’m looking for 10 nurses who’d like their voice to be heard!

I want to talk about the problems in nursing, the solutions, stories, culture, what you want other nurses to know, everything.

I’d love to talk with ALL TYPES of nurses! Message me if you are interested.

like

Hi everyone
Im applying for job in field of logistics and supply chain as fresher, still nothing is working out
Please if anyone can help out even a suggestion would be appreciated

Has anyone ever successful negotiated there salary with the federal government. I have tried twice and both times was cited a HR policy saying my specific circumstance did not allow negotiation. Just wondering if it’s even possible

like

Does anyone have a spare bunny day lamp and bed recipe??? That's all I'm missing :( I have an extra wardrobe!!!

like

I’m relocating to London and would love to hear recommendations on neighborhoods. I am looking for an “urban village” feel (small coffee shops, not very touristy, can walk a dog and stroller) with a budget of 3K for a 1-2 bdr. My commute would be into Soho. I am currently looking at Notting Hill, Chelsea, and St John Woods, but I won’t be able to visit before my move. Any neighborhood recs?

like

I'm moving to London next Month from Newcastle and commuting into the city center, the closest tube station is chancery lane.

I will be getting a base of £42k and was wondering what locations you all would recommend to look for a place in, by the looks of things I will almost definitely be getting a flat share

like

Hi Sharks,
Can anyone please refer me in Deloitte India pune ?
I have 12+ years experience in telecom domain.
Skills Unix , shell scripting, SQL,plsql, microservices , keycloak,apiman,kibana,redisrabbitmq installation and configuration, problem solver and good communication skills , project deliveries in agile methodologies and consumer interaction.
I am looking for senior business analyst or senior technical lead position.
Appreciate any help!!

like

Hi fishes,
Can anyone plz tell me is there any hiring for analytical position?
I have 2 years of work experience.

Hello, I wanted to mention that I work as a sports commentator, specifically about soccer. I used to be one of the main journalists for Spanish media, but since I moved to Miami I feel the general passion for soccer is very different 🥲 The energy and commitment are not even close to what I felt in Spain, where some businesses would close if the match was too important. I hope this nostalgia goes away soon.

like

Best perks/benefits of working at Google?

like

I got cleared till Google HC for SAP Architect position and but have been put on hold since last 1.5 months. HR says Team is re-evaluating the Head Count. Anyone has any idea what are my options in this case?

Additional Posts in WFH Freelancers

Do agencies typically take the full 30 days to pay?

like

become an expert my friends

Post Photo
likesmart

Massachusetts freelance but go to NY/travel for work occasionally. I am looking at marketplace insurance and leaning towards a Tufts plan. Anyone have problems with Tufts? The BCBS higher cost but there does not appear to be a good reason. I’m afraid of some of the smaller places/never heard of. Transitioning off Cobra with United Health. Anyone have advice?

like

Have any American Producers ever successfully been able to freelance abroad (London or Amsterdam)? Any advice?

I’ve been a freelance print production designer for many years, and usually on-site in the before times. Now I work remote, and am finding it uneasy dealing with billing. Before I always billed hourly, which made sense, but it’s becoming an issue now. Some companies don’t have a full days’ work, so it seems wrong to bill full days, and it allows me to juggle projects for different companies, but my billable hours are down. I know I should bill a daily rate, but not sure that will fly. Thoughts?

Anyone looking for short term freelance support the next 2 weeks, my schedule opened up. Background; new business pitches, data driven strategy, research and analytics. Unlike most analysts, I work well with creatives :)

like

Trying to avoid paying an accountant, can I actually write off home office space/mileage if I was just permalancing for 3 months last year? Shouldn’t the 7 months of W2 take care of this 1099 shit?

On the verge of turning an hourly client into a retainer. Any tips?

Friendly reminder folks- don’t work for Havas Health and You. They cut the freelancers hourly rates, again and made it so there’s no OT. The resource manager at HOV said if I couldn’t swing $80 an hour as an HCP copywriter, she’d have to find someone else. Good luck 👍🏻

likehelpfulfunny

All of my writers are busy. Went FT, family stuff, already booked. I had to leave a 5 week contract on the table because I don’t have a deep enough writer pool. I’m 17 years in the biz, have awards and primarily do TV and Digital. CD/AD. Anyone interested in building a professional partnership? Let me know.

likefunny

I enjoy being asked for samples when I featured my website 3 times through email. In the body, my signature and my resume. I spend 100~/year on it. It has my entire portfolio... 😒😒😒

like

Does anyone here freelance (in design or deckmaking) on top of their full time position? How does that work?

How is the freelance world looking in Chi right now?

Where do you find storyboard artists? Rate? agents?

like

Is charging $1 per word reasonable for someone w/10 years of copywriting experience?

like

What’s the longest an agency has kept you waiting in reception on your first day of a gig?

If I contribute to a solo 401k, is the additional profit-sharing contribution (the 25% of compensation after the $19500 contribution) based on my gross income, or is it based on gross income minus expenses? Thank you🙏🏼

like

I’m new to freelancing. Does anyone have any tips/resources to figure out how to do taxes?

like

Not sure if anyone is gonna be down for this but i know of a writing gig with a rate of $60-$80/hr. It’s mainly website copy for a web3 company so it could be good to get that experience. DM if you’re interested.

like

Considering a contract to perm. Would be contract for 6 months. First time freelancing. 6 years experience. Job in NYC at a global brand. Would $130k be right to account for benefits? Less? More?

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