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Old January 14th, 2006, 05:49 PM
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Cainehill Cainehill is offline
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Default Re: Mictlan\'s Pretender

Quote:
Huntsman said:
Cainehill, that's the way I'm thinking of going as well, actually (own business). Got any pointers?

Heh. My only pointer, which doesn't help you much, is to have a client from the get go. Was freelancing via Robert Half for 3 months, the client wanted me to leave them and go independent so he'd pay less, and I'd get paid more. Given I hadn't seen anyone else in New Mexico who needed high end skills, I jumped. Haven't figured out yet whether I'm making more - suspect I may be, just because so many things wind up being deductable from income _before_ it's counted as income.

Oh - guess that is a pointer. Start keeping track of _everything_, and get an account just for the business, one that gives you check images with your statement. Even little things add up - my (cute) accountant got me to figure out mileage, since 44 - 48 cents a mile adds up, when you figure 15 percent of that gets dropped from self employment tax (Soc Security, Medicare), and at least 15 percent from income tax, and then there's state income tax. And find an accountant you can get along with, who specializes in small businesses. Good luck to you - with Pangaea, and the business
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