Jeffry, Yes, you read it write. I work with another company that does the payroll and taxes work and I will be doing the billing part. I've talked to many independent consultants over the years and many have complained about having to do the tax work and don't mind paying a small fee to someone else to do it for them.
As for recruiting firms, the difference here is that my client is the consultant, NOT the client. Recruiting firms have a fiduciary responsibility to their client. In this case, MY customer is the consultant and I'm providing a service for them....they are providing the service to their client. The client is theirs, not mine. I'm trying to help with tasks that take them off the important things they do like working billable hours. Although some people may bill their invoicing time, I haven't heard of anyone who bills the time they take to do their quarterly tax payments and researching tax law to ensure they are doing the right stuff regarding taxes. Also, I didn't say that I was starting something no one else does. I too have come across a few other companies out there who do something similar. My goal is to do it better and cheaper than others. Sincerely, Dave Phillips WebTech Staffing, LLC [EMAIL PROTECTED] (402) 896-8801 -----Original Message----- From: Jeffry Houser [mailto:[EMAIL PROTECTED] Sent: Friday, June 09, 2006 9:48 AM To: CF-Jobs-Talk Subject: Re: Independent Consultants I hate to turn this into a flame bait, but... Did you just start a company doing the exact thing you said you hated? It doesn't sound like a recipe for success. Don't a lot of recruiting firms work this way (where the consultants are employees of the recruiting firm)/ At 09:57 AM 6/9/2006, Dave Phillips wrote: >Hi all, > >I have been an independent consultant for years, doing ColdFusion for >over >8 years, and one of the things I hated most was dealing with my taxes, >estimated quarterly payments, blah, blah, blah. As a result, I have now >formed a new company and one of the services I'm providing for other >independent consultants is a billing and payroll service. Basically, it >works like this: You have your clients and do your work for them. When >you are ready to bill them, you provide their contact info and your >billing information (company name, logo, amount of work, cost, etc.) and I >invoice your client for you. Your client then sends in a check and you >are then paid as an employee of my company. I take care of all the >withholding for your taxes (you're still paying your SE Social Security >taxes, it's just coming out automatically for you) and reporting to the >IRS. As far as the IRS is concerned, you are an employee of my company >(WebTech Staffing, LLC). As a result, at the end of the year, you get a >W-2 and do your taxes like every other normal soul who doesn't have to >deal with self-employment taxes. > >So basically, my service is there to take the burden of invoicing, >payroll >and tax handling off of the independent consultant so they can focus on >what they do best: consulting. > >Another nice benefit is that once I have enough consultants on board, >we >can apply as a group for health and other insurance and not have to be >singled out for individual health plans! There are other benefits we can >access as well (401k, Cafeteria plan, etc.) > >If you're interested in finding out more, please contact me directly at >[EMAIL PROTECTED] I don't have a website put together yet, because >this is just getting off the ground. However, I have owned my own company >with many employees for years, so even though I'm just starting this >service, I am not new to all the regulations and requirements for this area. > >Happy consulting! > >Sincerely, > >Dave Phillips >WebTech Staffing, LLC >(402) 896-8801 -- Jeffry Houser, Software Developer, Writer, Songwriter, Recording Engineer AIM: Reboog711 | Phone: 1-203-379-0773 -- My Company: <http://www.dot-com-it.com> My Books: <http://www.instantcoldfusion.com> My Recording Studio: <http://www.fcfstudios.com> Connecticut Macromedia User Group: <http://www.ctmug.com> Now Blogging at <http://www.jeffryhouser.com> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:11:3026 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/11 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:11 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.11 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
