I totally agree, I think this year I will make it appoint to change the way it is handled. I did consult a CPA in handling it for me but they had a high fee and I could not justify it at this point. As things pickup (as they have year after year), I know I will eventually go that route.
Time to re-evaluate the taxes, 401K, health care cost, and then factor those into determining the proper hourly rate. Got to love Uncle Sam!! (someone have a gun I can borrow)? -----Original Message----- From: William Bowen [mailto:[EMAIL PROTECTED] Sent: Wednesday, February 20, 2008 1:12 PM To: CF-Community Subject: Re: Taxes (Fed / State) > So if I set aside 50% is that too much? If you can afford to set aside 50%, do it. Keep it in an interest bearing savings account. you'll always have a little "extra" for those odd times when the taxes don't quite figure the way you expected. I used to save out 40% and never had a real problem. Oh and pay quarterly. Learned that lesson the *second* year I was in business for myself. For some reason, four $1K checks to the government, sent every three months, seems like a whole lot less money than one $4K check. :-) -- will "If my life weren't funny, it would just be true; and that would just be unacceptable." - Carrie Fisher ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;160198600;22374440;w Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:254553 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
