The benefits and hindrances of being a Freelancer.
- FrankN
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- FrugalFran
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JGibbs wrote:
Thanks for sharing that resource! I try to learn new skills that are in demand for many employers. I love my job, but want to keep my resume modern and keep improving my skill set because I never know what might happen in the future.JacksonM wrote: I haven't tried edX.org. I've taken some courses through my local library's subscription to Lynda.com. I went through an Essential Wordpress course, and though some information was a repeat for me, I learned some very useful tips too. They have various IT related courses as well.
I think that is a necessity these days for everyone, regardless of their current industry. The more you know and the more versatile you can be, the more desirable you are to employers. The workforce has become a scary place.
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Thanks for sharing that resource! I try to learn new skills that are in demand for many employers. I love my job, but want to keep my resume modern and keep improving my skill set because I never know what might happen in the future.JacksonM wrote: I haven't tried edX.org. I've taken some courses through my local library's subscription to Lynda.com. I went through an Essential Wordpress course, and though some information was a repeat for me, I learned some very useful tips too. They have various IT related courses as well.
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JGibbs wrote: You can learn IT skills without college and get hired just the same. Edward Snowden was a high school dropout after all. I've looked into some free coding classes on the edX.org website and tried to learn Python, but it was darn boring that I kept zoning out. Programming is a major skill to have right now.
I haven't tried edX.org. I've taken some courses through my local library's subscription to Lynda.com. I went through an Essential Wordpress course, and though some information was a repeat for me, I learned some very useful tips too. They have various IT related courses as well.
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- Wanderer
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I am just now reading this. Thanks for taking the time to type that up and explain things so clearly. Now that a few months have passed, are you still with company A? I've used that same strategy in a full-time job before. I got a pay raise, but then the company felt like I owed them three times the work. In the end it wasn't worth it. A cheap company is a cheap company.Moneyes wrote: There is a fine line between "Freelancer" and "Independent Contractor". I am both. The former, online, and the latter, offline. There is an important parallel here that I can draw from my own experiences that might be of help to others. . .
- FrankN
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- FrankN
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JacksonM wrote:
Joker wrote: If I'm not mistaken, if you do not break $600 from any one company, you are not required to report it and neither is the company. Many companies keep time down when hiring contract people just for that reason. They can just expense off as contract labor.
The amount I've seen is $400.
It's certainly overwhelming when you start looking into the taxing realities of freelancing. My guess is that a lot of individuals who are taking on "side hustles" these days aren't aware of it. When I've read up on the subject or looked into various possibilities, taxes were never mentioned as part of the deal.
I 100% agree most freelancers don't look into this until late in the game. It shows how difficult it is to start and live on your own (without working for a company). The taxes, fees, other expenses are insane!
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Joker wrote: If I'm not mistaken, if you do not break $600 from any one company, you are not required to report it and neither is the company. Many companies keep time down when hiring contract people just for that reason. They can just expense off as contract labor.
The amount I've seen is $400.
It's certainly overwhelming when you start looking into the taxing realities of freelancing. My guess is that a lot of individuals who are taking on "side hustles" these days aren't aware of it. When I've read up on the subject or looked into various possibilities, taxes were never mentioned as part of the deal.
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Wanderer wrote: FrankN thanks ... I see I did not understand this. Will pay attention for sure. Should be ok but I needed to hear this!
I wish that were the case, but unfortunately the US Gov wants their tax revenue!
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- FrankN
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Joker wrote: If I'm not mistaken, if you do not break $600 from any one company, you are not required to report it and neither is the company. Many companies keep time down when hiring contract people just for that reason. They can just expense off as contract labor.
That may depend on how you are structured. You also have to report it if you make over $600 in aggregate. If you made $500 from one company and $4300 from another, just because they don't have to report it, doesn't mean you don't have to.