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 themthey 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
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Now Blogging at http://www.jeffryhouser.com
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