Join Petrula Vrontikis for an in-depth discussion in this video Subcontractor versus employee, part of Running a Design Business: Freelancing.
As a subcontractor, clients and agencies will pay you without withholding any taxes.…You are responsible for paying your own.…Without a clear understanding of this, it's easy to get into trouble with the…Internal Revenue Service and your State Income Tax Board.…It has been common for companies to deliberately misclassify workers as…freelancers rather than employees in order to avoid paying matching Social…Security and other withholdings.…They also avoid the responsibility of paying any employee benefits.…The IRS pays close attention to determine whether a freelancer should have…been put on the payroll.…
They look at 20 factors relating to the relationship between the parties.…I'll review five of the key ones and tell you how they apply to a…freelance designer.…The IRS wants to know that you're not tied to the agencies work hours, that you…set your own schedule, and work independently.…The IRS gets suspicious when a freelancer is continuing to work for an agency…over a long period of time, especially when the location is the agency's office.…
- What is a freelancer?
- Tracking expenses
- Paying taxes
- Understanding business licenses
- Creating contracts and invoices
- Preparing, transferring, and storing files
- Tracking billing and payments
- Managing your work-life balance
Skill Level Beginner
Running a Design Business: Designer-Client Agreementswith Terry Lee Stone1h 10m Appropriate for all
Running a Design Business: Starting Smallwith Petrula Vrontikis1h 33m Appropriate for all
1. What Is a Freelancer?
3. Agreements and Contracts
4. Professional Practice
5. Organization and Getting Paid
Creating past-due notices2m 47s
6. Long-Term Success Strategies
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