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Consulting Firm Owners, Read This First

David A Fields

Sometimes we consulting firm owners make assumptions and those turn out to be wildly inaccurate. The post Consulting Firm Owners, Read This First appeared first on David A. Fields Consulting Group. In my case, I made … Continued. In my case, I made … Continued.

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Partnering With Another Consulting Firm? Read This First

David A Fields

There you are, polishing the sign in front of your catamaran and trying to attract consulting projects from the throngs of prospects meandering along the oceanfront. A boat-owner on the adjacent pier hails you: “Would you like to join forces? I’m sure we could catch more consulting clients together.” Fields Consulting Group.

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Be Solopreneur Savvy: Insist on a 1099, not a W-2

Successful Independent Consulting

The first was my legitimate tax return that showed I was paid on a 1099 basis. Then I wondered what would happen if I had been paid on a W-2 basis through a staffing firm and maxed out my 401(k) contribution (assuming the staffing agency offered one). If you want to know why, read my white paper about co-employment risk.)

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Why Friends Don't Let Friends W-2

Successful Independent Consulting

"As an independent consultant, does it matter how I get paid?” Several years ago, as an independent consultant I did my taxes two ways using TurboTax® software. Several years ago, as an independent consultant I did my taxes two ways using TurboTax® software. Absolutely! In the U.S., You save more for retirement.

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How I Became a Millionaire as an Independent Consultant

Successful Independent Consulting

How can other self-employed consultants become wealthy too? Reflecting on my years as an independent consultant, I’ve boiled it down to five keys to success. Five Steps to Becoming a Millionaire Consultant 1. Subcontractors to an agency or consulting firm are usually paid about 65% of what they are worth.

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How to Turn Your Consulting Side-Hustle into a Fully Fledged Business

Tom Spencer

Being a business consultant is one of the most challenging and rewarding jobs you can have. The path to becoming a successful business consultant is not going to be the same for everyone. Many others find their way into consulting as a part-time “side-hustle”. This post will share 5 tips on how to get started. Find Your Niche.

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Self-Employed? Prep for Tax Season to Save Big

Successful Independent Consulting

Tax season is probably the most important time for independent consultants to think like business owners. We all should be asking ourselves (and our accountants) this question: As a business owner, what can I do to lower my tax bill? This article touches on the first and explores the second in depth.

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