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What To Know When Working As A 1099 Contractor 

SoloPoint Solutions
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8 сен 2024

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Комментарии : 40   
@JamesSaintRave
@JamesSaintRave 5 лет назад
Cleared up a lot of stuff about my "contract" work--ha! Can now make it work better for me--thanks.
@cheshire_skatkat9093
@cheshire_skatkat9093 4 года назад
I have a second job that I'm a independent contractor for. It's all commission based and I have to use my own vehicle. I deliver raw goods at 65% com. So I figure say I get a 100 dollar job, I get 65 bucks. Now that 65 gets taxes at roughly 30% for state and fed plus social security and all so I walk away with maybe 40 bucks. I've realized it's not worth it.
@iluvuvibez6644
@iluvuvibez6644 2 года назад
you get taxed twice?
@LonjeMarie7
@LonjeMarie7 2 года назад
Thank you this was an excellent video very simple being a 1099 employee scares the piss out of me I don’t wanna get in trouble with the IRS for not putting away quarterly taxes , etc. I just told this young lady that you have to put money away or you will get in trouble with the IRS.
@MrApplewine
@MrApplewine 7 лет назад
The time you start would not disqualify you in a lot of work as a 1099 because a lot of work requires you to perform during certain hours. That is very dependent upon the market you work. Imagine a doctor who is only going to work when no patients are around. Or even a construction contractor who will only work wherever the construction site is not located. Where you perform and when you perform can be very important to the actual work. If you just need to write up a paper and deliver it by x date then sure you can type it whenever you want, wherever you want as long as it makes it by that date.
@jacobkindsvatter4055
@jacobkindsvatter4055 2 года назад
1099 document every paycheck, also keep trac of all of your interactions with your boss and when they fire you, you have all proof that you were working directly for somebody that decided to 1099 your ass and can be entitled to unemployment benefits and sue their ass if you get hurt on the job
@Rios-ww9ff
@Rios-ww9ff 2 года назад
Hey , my brother recently got into accident he under a 1099 but work like an employe , I honestly don’t know what to do. They say that 1099 contracter get no benefits but I’m not sure if he is a contracter Any help ? I appreciate it if you reply
@jadexplores2100
@jadexplores2100 3 года назад
Hi; do you know if 1099 contractors (US based) can work remotely wherever they want in the world (assuming the contractor hires the right professional to file/pay taxes in the various countries they've worked in)? I'm speaking from the perspective of a person that wants to be nomadic, perhaps living in say 2-6 countries outside of the US for half of the year.
@mikejohg1628
@mikejohg1628 6 лет назад
I am a 1099 employee if that's even a thing. He tells me my hours days and is always telling me how to do the job and I always use his equipment. I also do not get breaks and I feel like a W-2 employee. I also had a day where I had my sick dying mother in the hospital and he told me I would lose mt job if I didnt come in I haven't had one day to myself because I work weekends as well. I feel like I'm getting screwed can you help?
@ChristinaOstil115
@ChristinaOstil115 5 лет назад
I do the same thing as a janitor.
@highrider9168
@highrider9168 4 года назад
Sounds like you should document and report it to the irs. Or just say "Youre not my boss."
@devaughnwilson1215
@devaughnwilson1215 4 года назад
Were in the same boat!!
@cheshire_skatkat9093
@cheshire_skatkat9093 4 года назад
Nah hell nah! Go talk to a tax man immediately! If you use HIS equipment that makes it the realm of employee. This boss is greasy! Consult a lawyer if nothing else!
@ZVella
@ZVella 7 лет назад
What percent would you recommend putting away for taxes at the end, everything included? Thanks! z
@garthewbank2679
@garthewbank2679 6 лет назад
Zachary Vella canada I worked it out to 38% but I don't do some greasy stuff that others do to lower taxes
@solopointsolutions3274
@solopointsolutions3274 6 лет назад
Thank you for your comment and we apologize for the delay in our response. Typically for 1099 contractors, you need to factor in at least 25% towards federal taxes, 12.5% towards Social Security, 2.5% towards Medicare and a % towards state tax, depending on your location. We strongly suggest consulting with a professional tax accountant as well. We hope this helps and thank you for viewing our video! - SoloPoint Solutions
@mrsgarcia7324
@mrsgarcia7324 6 лет назад
Thank you for a very well explained video I now understand that my husbands boss is screwing him over
@landenmcniven7963
@landenmcniven7963 3 года назад
Lmaoooo
@ChristinaOstil115
@ChristinaOstil115 5 лет назад
Disabled people are working self employment and sometimes the other business wants to pay a disabled per hour with 1099.
@toddhayes3506
@toddhayes3506 Год назад
Great Job
@eskudosal
@eskudosal 2 года назад
Can my work change me from a normal employee to 1099 over nite and me not have any say in it? I’m in CA
@RonBadbones
@RonBadbones 6 лет назад
So as a 1099 contractor wouldn't you need to file estimated taxes throughout the year? I would think that *not* paying estimated taxes and then just paying a huge lump sum at tax time would incur penalties at some point.
@solopointsolutions3274
@solopointsolutions3274 6 лет назад
Hi Bob, thank you for your input and we apologize for the delay in responding. Yes, as an independent contractor, quarterly estimate taxes must be paid to avoid incurring penalties. Here's the full information from the IRS: www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes. Thank you again for viewing our video!
@judyfradger3339
@judyfradger3339 4 года назад
Thank you this is a great video
@user-dx4cc8sn1e
@user-dx4cc8sn1e 5 лет назад
Dam I think im screwed
@margaritarodriguez9035
@margaritarodriguez9035 4 года назад
Yes it isn't good
@timleonard2361
@timleonard2361 6 лет назад
What does a sole proprietor do with a 1099 from a service i.e. square for POS purchases from customers? Thank you!
@solopointsolutions3274
@solopointsolutions3274 6 лет назад
Thank you for your comment Tim and we apologize for the delay in response. Great question, however we do not know the right answer. Please check out the IRS' website in regards to your inquiry www.irs.gov/businesses/small-businesses-self-employed or consult with a professional tax accountant within your location. We hope this helps and thank you for viewing our video!
@rodrickpender6822
@rodrickpender6822 6 лет назад
Tim Leonard 1099gtaxfoms
@equipolosantrax57
@equipolosantrax57 6 лет назад
the company I drive for pays for diesel they tell us what route to take they push us to work but pay us with 1099. is this right?
@solopointsolutions3274
@solopointsolutions3274 6 лет назад
Thank you for your comment and we apologize for the delay in our response. Because we specialize in placing mostly engineers who work as 1099 consultants, we are not as familiar with how it works with other industries. We strongly recommend speaking with a tax professional within your location. We hope this helps and thank you for viewing our video! - SoloPoint Solutions
@johnperry3818
@johnperry3818 5 лет назад
thank you good job, suggestion get a head mic to improve your professionalism, less than a round of golf Tom... keep up the good work!!
@pattyleabo426
@pattyleabo426 6 лет назад
Lol this will piss a lot of people off but good videon
@LaDeeDah
@LaDeeDah 6 лет назад
Where do you get the 1099 form from?
@solopointsolutions3274
@solopointsolutions3274 6 лет назад
Thank you for viewing our video Dee and we apologize for the delay in our response. You can get a 1099-MISC form through the IRS website at www.irs.gov/pub/irs-pdf/f1099msc.pdf but please read the full instructions from the IRS first to see if this is the form that is appropriate for your filing. We also strongly suggest consulting with a tax professional within your location. We hope this helps! - SoloPoint Solutions
@saramations
@saramations 6 лет назад
good information
@brian9
@brian9 6 лет назад
Solid info just a little awkward and scripted
@brettlapierre2472
@brettlapierre2472 5 лет назад
Why wouldn't this be scripted?
@ToddWPerry
@ToddWPerry 6 лет назад
Buy a microphone so we can hear what you are saying.
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