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Noel Santos
Emmanuel A. Santos JD CPA, Incorporated
447 Sutter Street, Suite 714, San Francisco, CA 94108
Phone: 415-362-8921
Fax: 415-362-8924
Cell: 415-412-5839
Email: noel@eas-cpa.com
Website: www.eas-cpa.com
Your Business...Your Family...Our Concern
September 2022
September 2022 Client Profile
Martin started his graphic design business a few years ago and has experienced steady growth. He is ready to outsource some administrative functions to give him additional time to handle more design projects. What things should he consider when using freelancers?
Since Martin doesn't plan to hire employees to work for his business, he will use independent contractors. That simplifies things and means he isn't responsible for withholding income or payroll taxes for his freelance workers.
But he may need to provide Form 1099-NEC to them in January, depending on how much he paid them. He should collect a completed Form W-9, Request for Taxpayer Identification Number, from each freelancer before providing their first payment.
He'll also need to lay the groundwork with each contractor. For example, will he be billed by the hour or by the project and when will that invoice require payment?
Client Profile is based on a hypothetical situation. The solutions discussed may or may not be appropriate for you.
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