This is a list of the products we use and for what purposes: Turbo Tax Business to do the 1065 and the K-1 for the LLC partners. Turbo Tax Home & Business to do the W-2, 1099 and the personal taxes. And QuickBooks Pro for the regular day to day accounting. I think they manage [...]
Tag Archives: Indpendent Consulting
W-2 Contractor: An Oxymoron
- 12
- Nov
W-2 and Contractor or Consultant should not appear on the same sentence, it is an oxymoron. W-2 forms are given to employees, as defined by the IRS. Employees have certain rights and duties. Employers retain taxes from them and may be obliged to give them some benefits in some states or localities. Normally consultants/contractors don’t [...]
Would Yo Do It For Free? – Because You Will
- 02
- Sep
One of the career and small business mantras I follow is that “Your business / career should be built around something you are willing to do for free“. Something so fun and rewarding to yourself that you would like to do it very often, most of your days. I can’t claim to be the creator [...]
Fixed Cost vs. Time and Materials
- 04
- Jul
In Professional Services terms there are two general ways of pricing a project: Fixed Cost Time and Materials Unit of Cost Project Time (hour or day) Most Risk Consultant Client When to do it Clear Expectations No Fixed Set of Requirements Fixed Cost is preferable in many situations. Alan Weiss agrees on his consulting books. Some [...]
QuickBooks – Nothing Beats Free
- 25
- Jun
For my business accounting I use QuickBooks Pro. But to tell you the truth, chances are I would be equally happy with the QuickBooks Simple Start Free Edition 2009. I have less than 20 customers (big ones). And most of what I do need accounting for is create invoices, pay bills and print checks – [...]
