Remove employer-resources
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Ten Factors to Consider Before Jumping into Independent Consulting

Successful Independent Consulting

Also, there’s a chance that you will pay more in tax when self-employed since you’ll have to pay “self-employment tax”; this is the portion of Medicare and Social Security tax that an employer usually pays on your behalf. This self-employment tax can easily be an additional $10,000 in tax. Corresponding worksheet here. )

Cash Flow 370
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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

They don’t know to add a hefty margin to cover things like self-employment tax, business expenses, health insurance, and nonbillable time spent on business administration. Or did you learn on the job as an internal resource with a company, and if so, did you have access to formal training?

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How to Actually Execute Change at a Company

Harvard Business

These factors emphasize the importance of clear, credible, and emotionally resonant messaging, the necessity for teams to have the right resources and freedom, the use of mechanisms to increase transparency and precision, and the role of measurement in adapting and improving execution.

Company 93
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Nine Things to Think About Before Taking the Leap to Independent Consulting

Successful Independent Consulting

Taxes – Depending on your income, you may have to pay more tax because of “self-employment tax,” the portion of Medicare and Social Security that an employer pays on your behalf. Being self-employed is hard, so go in with your eyes open. Being a self-employed solopreneur isn’t for everyone. Do you have enough savings?

Cash Flow 195
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Fight Ageism, Fuel Growth with Inclusive Hiring & Retention

Harmonious Workplaces

Studies show that employment rates sharply drop after the age of 45 (OECD/Generation, 2023). Furthermore, it poses significant challenges for older members of the workforce, particularly affecting their employment opportunities, job security, and professional development. I’m writing this article around my 48th birthday.

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

Successful Independent Consulting

This is because of self-employment tax. As a self-employed business owner, you have to pay the employer’s share of your Social Security and Medicare contribution— 15.3% If you want to know why, read my white paper about co-employment risk.) I was stunned by the results. of your taxable income. This is infuriating!

Software 195
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Holiday Human-Capital Culling Could Cost

Harmonious Workplaces

At the same time, they continue to seek employment wherever they can. Organizations not only impose hardships on people without adequate employment when they act indecisively or with a scarcity mindset. What better time could employers have than to onboard new talent during a season of joy?