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Question for Independent Contractors... | by niwikki | 2005-03-15 16:06:21 |
| In a Nutshell |
by peired |
2005-03-15 16:30:25 |
The breakdown thing is a good idea, though it may or may not be needed. Depends on the company. Personally I would include it anyway. As for what to use to do the invoice, whatever floats your boat. You could even use a cheap invoice booklet available from the local Discount store.
Not sure if Excel has a template available, though there *should* be one in there somewhere similar that you could modify as needed. Excel is probably the better choice, depending on how long you plan on working as an independant for that company.
In terms of the tax thing, I am pretty sure that you are assessed based on the previous fiscal year. So you may not get hit so much THIS time around, as you will next year. (At least that is how it works up here in Canada, I am like 99% sure the IRS follows rules similar to us though) If in doubt, just call the local office, it should be in the phone book and they would be able to tell you exactly what you should need to include on the invoice as well.
At a minimum I would include the following:
Your name/address
The name/address of the company paying you
Date invoice issued and time period of invoice.
Amount of hours billed and hourly rate
Total Amount owed/paid
Print two copies, one for you and one for the company.
Hope this helps,
Red |
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