Become an IT Consultant While Starting Out As a Full-Time Employee: Practical Steps

Become an IT consultant

The work life of an independent IT consultant is one that comes with several benefits. Basically, you no longer must work for a fixed salary, but instead get to dictate what rate you would like to be paid. Unlike an FTE IT professional who is bound by an employer’s laid down rules, you get the… Continue reading Become an IT Consultant While Starting Out As a Full-Time Employee: Practical Steps

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How to Properly Calculate Your IT Consultant Pay Rate

How to calcuate your consulting rate

For IT consultants and even anyone working within the freelance economy, setting the right consultant pay rate for your services can be a daunting issue. This is because your situation is different from that of an employee whose wages or salary is paid at a specific rate and time. Typically, a freelance consultant’s pay rate… Continue reading How to Properly Calculate Your IT Consultant Pay Rate

Self Employment Tax and Other Taxes IT Consultants should be Aware of

Self employment tax

Offering consultancy services gives you the chance to make money with your knowledge and experience. As such, you could decide to work for a particular company and be on its payroll and avoid self-employment tax. You could also decide to be your own boss by going the self-employment way and pay the tax. Either way,… Continue reading Self Employment Tax and Other Taxes IT Consultants should be Aware of

IRS Audit and 10 Things IT Consultants Can do To Avoid One

IRS audit title on a document and 1040 form.

One of the things you definitely don’t want for your business, especially if you are an experienced IT consultant, is a tax audit. Even though the possibility of facing a tax audit from the IRS is generally low, it is still a major concern for many businesses. Normally, a tax audit is supposed to be… Continue reading IRS Audit and 10 Things IT Consultants Can do To Avoid One