Freelance, What do I do?
Out of context: Reply #1
- Started
- Last post
- 14 Responses
- k0na_an0k0
susan.
most places will 1099 you. you'll get those around the same time as you would have for your w-2 (early february).
when it comes time to do your taxes and you need a state id it's easy. you can go to your states website (i did mine through turbo tax) and the process took about 5 minutes. you can also do that around tax time.
for most of my projects i ask for 50% up front. this helps keep clients on their toes about giving me content and what not on schedule. if you were to give them 100% product with no payment from them they may get lax on getting you things and sending you the payment. if they have 50% invested it helps the process.
if you're doing say 5k a month, 1099 it would be wise to send in $500 here and there when you can to get ahead come tax time, rather than paying in nothing and finding out you owe 6 grand.
good luck!