I've only ever been full time on W2 before. So this will be my first time having to actively acquire paychecks, record monthly income, seek private health insurance, and make sure I don't screw up and end up owing too much to the IRS.
The first thing I need to figure out today is invoicing and accepting payment. What is the most effective way to get started with this? I only have a verbal contract in place thus far with my first client which I realize I may need to revisit and get it on paper, and I'm assuming there is a better way to create a paper trail than to email him an amount for him to PayPal me (unless it turns out there's nothing wrong with that approach?). We've discussed an hourly billing arrangement and I'd like my invoices to include itemized descriptions for what I spent each block of hours doing, for clarity and trust. I'm sure there is software out there to make this easy and official looking?
I kinda oopsed my way into this avenue while I was looking for full time employment, and I've decided to roll with it for now. But I don't know the first thing about doing this to pay the bills as opposed to side project favor type stuff. Any advice in general is appreciated.
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