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Questions tagged [consulting]

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4 votes
2 answers
119 views

Accounting/legal service for small part-time consultant

I am starting part-time consulting in the U.S. on the side of my full-time job, mostly for fun (programming and web development). So far, I only completed one project and although I am marketing ...
FZS's user avatar
  • 171
0 votes
1 answer
147 views

How to handle taxes by using credit card app (Square)

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 ...
JonH's user avatar
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1 vote
4 answers
628 views

Mother wants me to "be a consultant" for her as way to save on income tax

My mother is self-employed and I am currently unemployed. She proposed an idea to me that I got a bit iffy about. She wants to pay me for "consulting services" -- this way she can essentially reduce ...
turnip's user avatar
  • 730
1 vote
1 answer
2k 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 ...
Anandan SD's user avatar
3 votes
4 answers
4k 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 ...
theblindprophet's user avatar
1 vote
1 answer
93 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 ...
user67916's user avatar
2 votes
1 answer
82 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 ...
Strabonio's user avatar
  • 135
16 votes
7 answers
3k 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 ...
Xiagua's user avatar
  • 263
0 votes
1 answer
549 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 ...
motoDrizzt's user avatar
4 votes
1 answer
131 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 ...
russell's user avatar
  • 143
1 vote
1 answer
210 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 ...
user2315's user avatar
  • 111
11 votes
2 answers
37k 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$)...
Arpita's user avatar
  • 111
4 votes
1 answer
2k 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 ...
neubert's user avatar
  • 3,852
2 votes
1 answer
214 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 ...
Joe's user avatar
  • 35.9k
0 votes
1 answer
132 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. ...
Casey's user avatar
  • 1
3 votes
3 answers
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 ...
X-jo's user avatar
  • 131
1 vote
1 answer
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 ...
Billy McCloskey's user avatar
2 votes
1 answer
122 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 ...
nicky's user avatar
  • 21
3 votes
1 answer
243 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 ...
im so confused's user avatar
3 votes
1 answer
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 ...
Gabbar's user avatar
  • 523
32 votes
6 answers
45k views

Why do consultants or contractors make more money than employees?

Why do consultants or contractors make more money than employees?
user avatar
9 votes
1 answer
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?
Jeff Martin's user avatar
14 votes
4 answers
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 ...
linkedlinked's user avatar
  • 1,200
32 votes
4 answers
19k 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.
Jeff Martin's user avatar
8 votes
2 answers
4k 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 ...
Chris W. Rea's user avatar
  • 31.8k