- quote -

May I perhaps suggest that you make haste and apply for and
obtain a federal employment identification (FEI) number?
Not because you have any employees (the title is therefore a
misnomer), but it will serve better on your invoice than
you SSN. We all do not need any more exposure of our SSN
than necessary, for there are a bunch of miscreants and
malefactors out there who just love to get valid social
security numbers for there own nefarious purposes. hmm.
well what I mean is there are a lot of bad guys out there.

ChEAr$,
Harlan Lunsford, EA n LA

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- quote -

You will have to give the company your social security
number so they can issue a 1099. They will probably ask you
to fill out a Form W-9 to give them the number. But for your
own protection, you should not put it on your invoices. The
less it circulates the better.

- quote -

You are supposed to have been making quarterly payments of
estimated tax during the year. Payments were due last April
15, June 15, and September 15. The final quarterly payment
for this year is due January 17, 2006. See IRS Publication
505 for the details on paying estimated tax. To minimize the
penalties you will have to pay, you should send in your
payment for the first three quarters as soon as possible.
You might want to get help from a local tax professional to
calculate how much to pay and to submit it properly.

Bob Sandler

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wrote:

- quote -

I always put my SSN on each invoice.

Also your invoice should have the word "Invoice" up at the
top. This increases your odds of getting paid (trust me on
this one).

- quote -

January 15, April 15, June 15, and September 15.

Steve

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milosnik.boczku[at]gmail.com wrote:

- quote -

Your clients will probably require your SSN or EIN so they
can issue a 1099 at the end of the year.

You generally need to pay federal and state estimated income
taxes on a quarterly basis. If you live in New York City or
Yonkers you may also have to pay local estimated income
taxes. However, there are many details about taxes that you
need to know and I recommend that you sit down with an
accountant for an hour or so and have him or her explain
your tax obligations.

--
Vic Roberts
Replace xxx with vdr in e-mail address.

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Thank you for clarification.

Shall I paste my SSN # on invoice? Probably not, but I wish
to be sure. Moreover, when do you have to pay all taxes?
Until April next year, or immediately?

thank you!

MB

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Consulting services are not subject to sales tax in New York.

Katie in San Diego

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- quote -

It depends on what type of service you provide and if your
state taxes that service. Furthermore, if the service is
subject to sales tax, you need to register with the state
for a sales tax license, withhold, and remit the sales tax
to the state.

It sounds as though your consulting service is not taxable.
If not taxable, then no need for a sales tax line on your
invoice.

Josh

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milosnik.boczku[at]gmail.com wrote:

- quote -

I am a technology consultant and am based in NY. I do not
sell anything other than my time, and I do not charge sales
tax.

The invoices I generate for my clients are created using
Excel. They have one line for each day that I perform
services for the client in a particular month. The entry for
each day describes the activities for that day and the total
number of hours for the day. The hours are totaled for the
month and the bottom and then multiplied by the hourly rate.
There is a separate section for reimbursable expenses, such
as Travel and Living, charges for purchasing documents I may
need to complete the client's job, shipping charges if I
must ship some item to the client, etc.

The top of the invoice includes the amount carried over from
the previous month, any payments received during the current
month (shown as a negative amount), the new charges for the
current month and the total due based on the sum of the
first three items.

--
Vic Roberts
Replace xxx with vdr in e-mail address.

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<milosnik.boczku[at]gmail.com> wrote:

- quote -

This is actually a very complicated question, but the answer
is "usually not".

There's a newsgroup misc.business.consulting for which the
rest of your question is more appropriate.

Steve

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Hi there,

Please forgive me such a silly question. When I was working
as an Independent Consultant for my former employer, I was
receiving a check every week "automatically". My new client
asked to provide him an invoice for each payment.

Contract says that my fee rate is X USD per hour. Because I
have never before generated invoices for Consultant Services
in the US, NY, I have no idea how the correct invoice should
look like indeed. I seen some templates in the internet,
also for the MS Excel, but there is always "sales tax"
position what makes me a bit confused. Shell I add "sales
tax" to my invoice? I'm not selling anything actually. If
yes, what should be stated on my invoice? Let's say, I
worked 10 hours this client. According to this contract what
should put?

1) 10 hours * X USD = 10*X USD (no sales tax)
2) 10 hours * X USD = 10*X USD + Y% sales tax (client pays
more - sales tax)
3) 10 hours * (X USD - Y% sales tax) (client pays as
contract says, I cover sales tax)

thank you,

MB

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >