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Questions tagged [consulting]

The tag has no usage guidance.

1
vote
1answer
90 views

Working options for a UK company from India?

I'm a Indian citizen. A UK based company has approached me to work for them. I have never worked for a company outside India and I do not have a work permit or VISA to work in UK. Since they are ...
3
votes
4answers
2k views

Bonus check or 1099?

I work for a small sourcing company, salary. I am currently working full-time for their largest client, but have asked for extra hours on smaller clients if possible. I was granted such and was given ...
1
vote
1answer
47 views

Receipt of Funds from Outside of India via International bank transfer - Purpose of Remittance

If I am receiving money from international bank in my Indian bank account for my work done . I have to give explanation about the remittance. What is the minimum amount of receiving fund from foreign ...
2
votes
1answer
48 views

Consultancy tax & VAT

I am an employee in the UK on a mid-income contract, and my income gets taxed through my employer's HR, without action needed from me. My contract allows me to do some bits of private consultancy, for ...
16
votes
7answers
2k views

In US, is it a good idea to hire a tax consultant for doing taxes?

I am going to start working in a software development company in Colorado, United States very soon. I am also single. The tax system here seems pretty complex to understand as well. Do employees in ...
0
votes
1answer
249 views

Being a consultant in the USA

I'm an Italian consultant in the IT field, and I'd like to know what are the differences between being a consultant or an employee in the USA in respect to the same differences in Italy. I've already ...
4
votes
1answer
115 views

Taxes and withholding on unpaid salary

I work as a consultant (1099) for a startup that has not paid my bills since June. Since I have not had any income I have not paid withholding since then. How do I handle my US personal income taxes ...
1
vote
1answer
157 views

Can forming an LLC be beneficial when earning foreign income?

I'm a full-time salaried employee in the US. I have the opportunity to do some freelance foreign work on the side while continuing to live in the US. Would it be beneficial to register an LLC and ...
10
votes
2answers
9k views

Applicability of form W-8BEN-E / W-8BEN to an Indian citizen

I am an Indian citizen residing in India. I have started working as a consultant for a US-based company since June 2015. I have submitted my first invoice to the company (I will be getting paid in US$)...
4
votes
1answer
649 views

How to correctly deduct purchase of a laptop dedicated to my consulting work?

I was thinking about buying a laptop to use dedicated for consulting. Currently I've been using the same laptop that I do my personal stuff on for my consulting work but I'd like to have a separate ...
2
votes
1answer
189 views

Tax implications of 1099 income across year boundary

I did some consulting work for a former employer during CY 2014. I did it in two batches (A and B, say), one in September and one in November. They were for separate sections of the company, so they ...
0
votes
1answer
119 views

Do I have to work a certain amount of hours in order to get paid monthly?

I work as an office assistant and my pay has recently been changed to monthly. I only work 2 days a week now at 8 hours a day and I don't feel that is an adequate amount to receive just once a month. ...
2
votes
3answers
4k views

First time consultant, doubts on Taxation

I have seen various replies but I would just like to confirm about my case as its my first time. I have been offered a consultant position and the company said there is no tax deducted at source. So ...
1
vote
1answer
3k views

Can a 1099 consultant receive unemployment benefits (EDD) after termination from a separate full time job?

My wife, on occasion, is called upon to consult at a former employer, which had been after hours with-respect-to her normal 9 to 5 job. She was laid-off from her 9-5 job, however, she still gets ...
2
votes
1answer
100 views

US based small business consulting in the Philippines tax help

I am a consultant working under my own S corporation based in the united states. For my situation, I will be undertaking work in the Philippines to consult a client. This client who is based in the ...
3
votes
1answer
185 views

Consult as an individual or as a company?

I work full time (so benefits, etc are covered), and recently have been offered a consulting position for a previous employer. I have read and fall within the acceptable guidelines of the Moonlighting ...
2
votes
1answer
1k views

Taxes and part-time consulting

I'm married and my wife and I work full-time. And I also started part-time consulting on the side (less than 10 hours per week or no hours during certain weeks). This is my first time doing consulting ...
29
votes
7answers
39k views

Why do consultants or contractors make more money than employees?

Why do consultants or contractors make more money than employees?
7
votes
1answer
3k views

What are the benefits and downsides to an LLC vs. Sole Proprietorship vs. Individiual?

As a followup to my previous question, what benefits are there for an LLC vs. a Sole Proprietorship? What are advantages and disadvantages to both and also vs. just being paid as a person?
14
votes
4answers
3k views

Offered a job: Should I go as consultant / independent contractor, or employee?

Two partners started a business, and it's grown pretty big (comparatively). Now they've asked me to be the CTO, and I've determined it's a good position for me to take. I'll be getting 90% of my ...
28
votes
4answers
6k views

When should I start an LLC for my side work?

I am doing quite a bit of sidework this year and wondering at what point would it be a good idea to "start a business" and bill through that.
8
votes
2answers
3k views

What are the risks & rewards of being a self-employed independent contractor / consultant vs. being a permanent employee?

What are the risks & rewards of being a self-employed independent contractor / consultant vs. being a permanent employee? Note: I am, in fact, a self-employed independent consultant, and I often ...