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I would talk with a CPA about this. I did 1099 and although it's not hard sending in your estimated taxes every quarter, it's a bit tricky. You need to make sure that you're sending in the right amount or you will face a penalty. If things change from the previous year then you will need to make some adjustments.
I got screwed pretty bad because my wife made more bonuses so we ended up being a little short. Not terrible but instead of a potential refund we owed a small amount.
Also consider the cost of health insurance. That's a real killer, and now that I have a FT job with benefits I'm saving over $9K USD a year on that alone.
"Computer games don't affect kids; I mean if Pac-Man affected us as kids, we'd all be running around in darkened rooms, munching magic pills and listening to repetitive electronic music."
-- Marcus Brigstocke, British Comedian
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C-P-User-3 wrote: Just accepted a 1099 gig
Well, among the dumb and smart things, as they go hand in hand:
Dumb: Didn't put away 30% for taxes.
Smart: Took my base hourly pay rate and added 50% to factor in taxes, insurance, etc.
Dumb: Thinking I could make it as a contractor with piddly gigs
Smart: Getting long term lucrative contracts from large tech companies that, even though you're a contractor, pay you on a W2 so you're not paying self-employment taxes.
Dumb: File your own taxes
Smart: Pay a tax accountant. Can save more money than he/she costs. And they know the changes in the laws.
Otherwise, the rest is project specific. Some of the other dumb things I've done involved taking on a gig that I knew I'd hate (some bizarre Ruby on Rails app a guy was developing in the corner of the 10th floor in the Time Warner building that was completely vacant otherwise, yes, the whole damn floor and that required traveling to Virginia twice a month.) I realized there are some things I will not do no matter how much you pay me.
Latest Article - A Concise Overview of Threads
Learning to code with python is like learning to swim with those little arm floaties. It gives you undeserved confidence and will eventually drown you. - DangerBunny
Artificial intelligence is the only remedy for natural stupidity. - CDP1802
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Thanks for the input. Quite useful.
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Please go to Spam and Abuse Watch Discussion Boards[^] And report the QA question and user - baba has found a way through, so this needs to be fed to the spam detector as soon as possible.
Or we'll be flooded again over the weekend, I suspect.
[edit]
He's closed, so is it. Hopefully he won't be back ...
[/edit]
Sent from my Amstrad PC 1640
Never throw anything away, Griff
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
AntiTwitter: @DalekDave is now a follower!
modified 14-Dec-18 9:45am.
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Good eyes, job is nearly done.
Rules for the FOSW ![ ^]
if(!string.IsNullOrWhiteSpace(_signature))
{
MessageBox.Show("This is my signature: " + Environment.NewLine + _signature);
}
else
{
MessageBox.Show("404-Signature not found");
}
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All over without waiting for me?
cheers
Chris Maunder
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If the "best" isn't yet to come, yes.
I only have a signature in order to let @DalekDave follow my posts.
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Bag Raiders - Shooting Stars[^]
I saw a few memes with this song lately (it's what this song became famous for).
For some reason I remember listening to this back when I was a kid, but I must've confused it with a different song because it was released in 2009
Anyway, it DOES have a nice 90's vibe.
Listening to it once or twice per day and so it's SOTW
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Are you very font of CSS?
"If we don't change direction, we'll end up where we're going"
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Nah, that's not my style...
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I am very ford of my focus.
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Too modern. At the moment I try to get a sound understanding of POKEY and SID .
I have lived with several Zen masters - all of them were cats.
His last invention was an evil Lasagna. It didn't kill anyone, and it actually tasted pretty good.
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That's your best shot for the week?
I'll mark that up as a an unfortunate flash-in-the-span.
Ravings en masse^ |
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"The difference between genius and stupidity is that genius has its limits." - Albert Einstein | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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Is that your most <strike>ing pun today?
"If we don't change direction, we'll end up where we're going"
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I call div 's on the next one.
Software Zen: delete this;
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Guide to high definition globe broadcast? (8)
Sent from my Amstrad PC 1640
Never throw anything away, Griff
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
AntiTwitter: @DalekDave is now a follower!
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Can't help but think shepherd
We can’t stop here, this is bat country - Hunter S Thompson RIP
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Guide to
high definition HD
globe SPHERE
broadcast? (anag)
SHEPHERD
Is the correct answer!
You are up Monday.
Sent from my Amstrad PC 1640
Never throw anything away, Griff
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
AntiTwitter: @DalekDave is now a follower!
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It's always fascinated me the various ways you can solve a cryptic clue - in this case what led me to the "herd" part was broadcast ( so I heard something ) and globe had here in it - so I now have here,hear,heard and herd ! mixed with the Welsh factor and a bit of Blue Peter ! I definitely overdid the drugs in the 70s and 80s
We can’t stop here, this is bat country - Hunter S Thompson RIP
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If you remember the eighties ... you weren't there.
Sent from my Amstrad PC 1640
Never throw anything away, Griff
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
AntiTwitter: @DalekDave is now a follower!
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The whatties??? I definitely missed something there ...
Whenever you find yourself on the side of the majority, it is time to pause and reflect. - Mark Twain
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I don't remember the 50s, 60s or 70s - although I was there - but that's due to extreme old age and bad memory kicking in (or not kicking in, depending on how you look at it).
I remember the 80s, it was.... ok, I don't remember anything prior to about 1987 when I got married and I haven't been allowed to forget anything since!
- I would love to change the world, but they won’t give me the source code.
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