My old workplace wanted to contract me in to help with some on going issues they had. They ended up having me sign up to square which is a credit card service that charges a small fee when you charge a credit card.
Now I've only done a little work for my prior workplace and have had a couple of transactions charged. The company's credit card was charged, square took a small fee (I believe it was like 3-3.5%), and the rest went to my bank account.
How do I handle this during tax time? Obviously since I am not an employee of my prior company or even a contractor I will not get a W2. In turbo tax will I just enter this in as "consultant" work and give them a sum of what I gained (the amount minus the fees square took)?