Introduction In the ever-evolving landscape of consulting, the use of an independent consultant has emerged as a significant force, distinct from traditional consulting firms. While our previous blogs have covered the history of consulting and answered the question of what is a consulting firm, this entry focuses on the unique role of independent consultants and… Continue reading Independent Consultant Explained: A Strategic Advantage for Small Businesses
Category: Uncategorized
How to Become an IT Consultant When Starting as an Employee
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 How to Become an IT Consultant When Starting as an Employee
Self Employment Tax and Other Taxes IT Consultants should be Aware of
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
How to Calculate Your IT Consultant Pay 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 Calculate Your IT Consultant Pay Rate
IRS Audit and 10 Things IT Consultants Can do To Avoid One
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
