I never did anything in particular to work as a consultant, just paid up at tax time...
Fred: It's the pictures in my mind that are getting me. It's like being stuck in a really bad movie with those Clockwork Orange clampy things on my eyeballs. Wesley: Why imagine? Reality's disturbing enough.
'Shells'
Natter 66: Get Your Kicks.
Off-topic discussion. Wanna talk about corsets, pandas, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Jesse - Aug 02, 2010 4:54:56 am PDT #15834 of 30001
Sometimes I trip on how happy we could be.
msbelle - Aug 02, 2010 5:07:56 am PDT #15835 of 30001
I remember the crazy days. 500 posts an hour. Nubmer! Natgbsb
This could be on-going though, plus my cousin is looking to have me set up a system and then do his invoicing and that could go on for years. It's just that most of what I am finding is about working only as a contractor and I will most-likely being doing it part-time as secondary income. You know what is not helpful, when sites say "to start estimating your tax payments, take your earnings from last year" and then give no example of what to do when it is your first year, when that is probably the year you'd be having the biggest issues.
Ginger - Aug 02, 2010 5:13:38 am PDT #15836 of 30001
"It didn't taste good. It tasted soooo horrible. It tasted like....a vodka martini." - Matilda
my brain is already exploding trying to figure out self-employment tax.
On September 15, send in the taxes on the money you made on a 1099, based on your tax rate for your projected annual income. Do the same thing January 15 for your income through December 31. A home office deduction is not usually worth the trouble, even though it's not the red flag it used to be. Internet, office supplies and computer supplies can all be deducted.
Theoretically, you actually send in your projected taxes for the next four months, but since you have no history, it doesn't matter. I have been hit with underpayment penalties. If you have an unexpectedly good quarter, the government punishes you.
Fred Pete - Aug 02, 2010 5:18:42 am PDT #15837 of 30001
Ann, that's a ferret.
~ma for Kat's father.
Happy Anniversary, Aims and MM!
hippocampus - Aug 02, 2010 5:47:21 am PDT #15838 of 30001
not your mom's socks.
Kat, ~ma for your dad.
Happy anniversary Miracleborns! I wholly endorse August anniversaries - ours was yesterday.
Welcome back Sparky!
tommyrot - Aug 02, 2010 5:51:26 am PDT #15839 of 30001
Sir, it's not an offence to let your cat eat your bacon. Okay? And we don't arrest cats, I'm very sorry.
From the Department of Ironically Named Camper Trailers: [link]
Wait, is that irony? Haven't had enough caffeine....
eta: Serendipitous?
Sophia Brooks - Aug 02, 2010 5:54:40 am PDT #15840 of 30001
Cats to become a rabbit should gather immediately now here
Happy anniversary Aimee and MM!
And belated anniversary to Sox and husband!
beekaytee - Aug 02, 2010 6:18:43 am PDT #15841 of 30001
Compassionately intolerant
I can't even describe how much I would appreciate someone who really knows the ins and outs to sit down with me and make self-employment taxes make sense.
The home office deduction actually saves me each year.
tommyrot - Aug 02, 2010 6:31:51 am PDT #15842 of 30001
Sir, it's not an offence to let your cat eat your bacon. Okay? And we don't arrest cats, I'm very sorry.
Headline (and subhead) o' the day:
Monkeys hate flying squirrels, report monkey-annoyance experts
Japanese macaques will completely flip out when presented with flying squirrels, a new study in monkey-antagonism has found. The research could pave the way for advanced methods of enraging monkeys.
No, not The Onion. Christian Science Monitor.
Zenkitty - Aug 02, 2010 6:44:50 am PDT #15843 of 30001
Every now and then, I think I might actually be a little odd.
Happy anniversary, Aimee and MM! Many happy returns!