Do you pay estimated taxes as a freelancer?

1 Answer

Answer :

What do you do?

Related questions

Description : When you pay more than you owe in taxes and the IRS gives you money back, that money is called _________. A. A tax refund B. Gross pay C. Estimated tax D. An audit?

Last Answer : A. A tax refund

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Last Answer : It is a service they pay for, so taxes apply in any case, and yes, it is always your responsibility.

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Last Answer : The last 4 years, I have had to pay the Feds, and got less money back from the State.

Description : I'm a freelancer. How can I get US$ 4000 in two months to pay my tuition fees? (No student loans are available in my country and crowdfunding isn't an option)

Last Answer : Sell things. Ask family for money. Get a few more jobs. Sell your plasma. You dont specify your languages or skills, or your country. You coming here to study? Too many unknown factors.

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Last Answer : answer:If you earn more than $600 from any one contract job, that company will be required by the IRS to issue you a 1099 and to report the income to the IRS. You will owe taxes on it. ... tax advisor may suggest another option such as an S corp.) You probably should have a local business license.

Description : Do you think more people are filing their own taxes this year?

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Description : How do taxes work when you use an online temp/assistant service?

Last Answer : Yes, you can handle that as a business expense. You put it in Schedule C, which you file for your business to determine profit or Loss.

Description : How are my LLC's taxes broken down by percentage?

Last Answer : Buy the home and business Turbo tax and answer the question yourself. You’ll save a pile of money and learn more about your business than any class. It is worth it.

Description : Can I claim my home office on my taxes?

Last Answer : I am not an accountant, however: Your business expenses as an independent contractor are generally deductible on a 1040 Schedule C-and the instructions for that specifically call out how to calculate ... lot less calculating. When I was an independent contractor, I generally was filing that one.

Description : Has anyone had to file taxes as a small business or partnership before?

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Description : Is there any way to estimate payroll taxes for a business?

Last Answer : Of course it can be calculated. It is the employees withholding + employer contribution + FICA + SS + unemployment. Knowing your rates, it can be calculated to the penny. It will usually be between 0% and 30% of total wages, depending on where the business is located & W-4 statements.

Description : As an independent consultant/freelancer, do I have to "train" someone on the work I'm doing?

Last Answer : I think it is very valid to tell them it is not in the scope of what you do but, as you say, it does likely mean that your work for them will end. Do you have other clients that will take up the slack?

Description : You're a small business or freelancer, and you use an email service for sending out your mailing-list emails. Which one?

Last Answer : answer:Mail Chimp is my favorite. Easy to use, great interface on their website, additional tools if you need them, and generally just a good fit.

Description : Flexible Job / Freelancer for full income?

Last Answer : What are your skills? If you’re looking for a well-paying flexible job that requires little-no education or training, you would probably have better luck catching a leprechaun and finding his pot of gold. Waiting tables or bar tending might be the closest thing I can think of.

Description : Can a freelancer collect unemployment?

Last Answer : answer:Nope. That is the risk of self-employment. That is why a business should always have some form of liquid assets. If you apply for unemployment, the Department of Labor will look at whether, ... more like the former than the latter, you may qualify for unemployment. But, good luck with that.

Last Answer : Absolutely Stay Urgent. Because Fiber account to you Work Find out To get Help By

Description : Do you like being employed or be a freelancer?

Last Answer : This is a good question considering the times we are living in, it would be interesting to know what most people think about it. For me i would say being a freelancer is a good option, if you consider the ... it at the end of the day, chances are 50/50, and that can be a bit uncomfortable at times.

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Last Answer : Need answer

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Description : Can I pay estimated tax payments using direct deposit?

Last Answer : answer:The IRS has a program called EFTPS which allows you to make quarterly payments. You go on line, give the IRS the amount and they will draw down against your account the NEXT day, not on the same day. ... info in the office and can send it to you in a comment tomorrow or try www.irs.gov. SRM

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Last Answer : I would guess 15 to 20 bucks an hour. I am guessing. Maybe that’s too low?

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Last Answer : answer:What did he use to buff and shine it? I'm wondering if the thing that polishes cars will do it -the thing that spins. As for whether or not I'd do it, my sink is in good shape. I ... the countertops are in good shape, you'd have to weigh the cost of buffing the sink vs. replacing entire sink.

Description : How would I go about finding a vice president for a start-up business (read: no working capital to pay salary)?

Last Answer : answer:People who are good at their jobs generally have options where they work. If they are good at marketing/sales, that transfers pretty well, and honestly pays pretty well. If you can't pay well ... someone new to the field and offer experience and a level of autonomy they won't find elsewhere.

Description : As long as the government provides welfare, would it be a good business practice to pay workers the bare minimum and not provide benefits?

Last Answer : It works for walmart.

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Description : Worth a job longer hours but not much more pay?

Last Answer : Seems to me you have nothing to lose to give it a try. You might be surprised and really like it, and certainly it never hurts to gain new job experience and network with new people. You can always quit if you don’t like it.

Description : How much would you pay a fitness trainer in this business situation?

Last Answer : answer:If it were my business, and if I wanted to give the new hire a cut of the action they produce to keep them motivated and producing, I'd ask them what they expected. If they ... friend might surprise you and ask for considerably less that that. Wishing you the best in growing your business.

Description : Would you pay somebody to assemble your IKEA furniture for you?

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Description : Is it legal in Canada if a business owner wants to personally work 20 hours a day, 7 days a week, 364 days a year without pay?

Last Answer : answer:Why isn’t he working the 365th day? Must be a slacker! I am no expert in Canadian law, but in the US, a business owner can do anything he wants in this regard. No one can tell him how many hours he can work, if he owns the place.

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Description : What would be the difference if I pay my Netflix monthly fee with Paypal instead of my Visa debit card directly?

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Last Answer : c. Pay-in-Slip

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Last Answer : d. Banker’s Cheque/Pay Order

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Last Answer : d)all of these

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Last Answer : d. Duty to pay money received.

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Last Answer : (a) A engages B for a certain work and promises to pay such remuneration as shall be fixed. B does the work.

Description : A promises to deliver his watch to B and, in return, B Promise to pay a sum of ` 2,000. There is said to be a/ an (a) Agreement (b) Proposal (c) Acceptance (d) Offer

Last Answer : (a) Agreement