| For consultants, taxes are quite a bit more taxing, pardon the pun, than they might be for the average employee. It seems that the government wants to deter tax evasion within the ranks of IT contractors and consultant. Personally, I think they may be just a bit jealous of the freedom we have but, that is beside the point. Use these links to help you keep within the law and out of trouble. There are also a few links to sites that may be a bit of food for thought. Taxes Links
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Archive for category Business
Tax Resources
Feb 23
Troxler USA
Feb 23
Troxler USA
Troxler is a site from which you can get in contact with Certified Estate Counselor(s) who will assist you in setting up a Social Security Trust fund. Their research has uncovered the fact that you can self-fund your own Social Security Fund – Legally!
Because you are in control of the management of these fund and not the Government, you can grow the money at afar more efficient rate and bequeath it to your posterity after your death (at it’s current value or total accumulation).
Learn some of the trust and estate strategies that are available to assist in you keeping what you earn.
Business Resources
Feb 23
| As an independent IT contractor, I need a lot of supporting sites and services to keep myself and business legal, informed and organized. In the pages linked here are the many resources I use to accomplish this.
For Instance, PacePros.com is my Employer of Record. This means that I have contracted PacePros to perform all my withholding, benefit program management, 401k contributions, and tax tracking. This allows me to eliminate the middleman, IT Recruiters, in my contract negotiations that I have had to use in the past. This increases gross revenues, lowers the overall costs and improves rate negotiation flexibility for myself and my clients, They are shown on my resume as a consistent employer across all of my contracts. Merchant Account FirstData is the largest merchant processor in the USA. FirstData allows business to transact directly with the processor, eliminating the need for a third party markup from a bank. Troxler USA has programs that assist me in creating a retirement and Living Trust plan to suit my needs and the needs of my family. E-Trade is were my stock portfolio tools and accounts are held. In the past I have used E-Trade to day-trade and have done quite well with their assistance and with the service they have provided. FreeRealtime.com allows me to check the real-time stock prices and trends on NASDAQ and Big- Board stocks I may be researching. With many additional forums and articles to help me in gaining more knowledge related to the stock research I must perform to make fast accurate decisions and get in ahead of the curve. |
Pace Pros
Feb 23
PacePros.com
Pace Pros was started by a gentlemen that took a stand against the high commissions that recruiters take from highly paid contractors and Consultants. He wrote The Contract Employee’s Handbook and The Contract Worker’s Bill of Rights. Both of these books will help you in your contracting business to know what goes on behind the scenes at your average recruiting office and what you need to do to protect yourself.
The are there to assist you in stepping off the Recruiter merry go round. They offer “Employer of Record” services in which you become a department head and manage the important aspects of your business. For a flat fee plus the employers portion of your taxes, they will process your 1099 and turn it into your pension, a steady payroll, 401K plan, medical and dental benefits. Essentially helping you have what you deserve fro all your hard work in your consulting business.
Please go to and read the entire PacePros.com site. I am sure you will agree that it is well worth the time and effort.