|08-02-2009, 03:54 PM||#1|
Join Date: Feb 2007
Location: Cary, NC
My Ride: 0032870Vette70Velle
10/99 questions, book keeping help.
Hey guys, I just got a new job and I was told that im 10/99, and that id need to keep an accurate record of what I make, and keep my own hours. I was wondering if there's some kind of software I could use to document everything Ive made, and also calculate things like YTD, and what I should be holding off for taxes every week? I also would like to know exactly whats tax deductible, as my boss has told me that theres plenty of things I can file for with this job that will help keep my taxes down substantially at the end of the year. (buying equipment and such) I'd like to keep a record of this too. Thanks
|08-02-2009, 05:45 PM||#2|
Join Date: Jan 2005
My Ride: Suburban LT 4x4
1099 not 10/99.
You are not an employee. You are an independent contractor.
You will have to submit invoices to the person you are subcontracting for.
You have no benefits.
You will have to pay your own taxes, insurance, ssn, medicare, etc.
You need to be very very careful.
If you chose to do it, Quickbooks is a fantastic accounting program.
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