As an independent contractor you are self-employed
We strongly encourage you to meet with a Certified Public Accountant (CPA) within a month of beginning work with us. Please review appropriate tax and accounting systems with your CPA. A no-charge initial consultation is provided by Bob DiSciullo, CPA. Please feel free to visit Bob’s website, Sterling Services, Inc. www.ssiaccounting.com
Taxes, local, state and federal will not be deducted from your monthly paycheck. You will pay taxes according individual tax rates on the following schedule:
January 1 through March 31
April 1 through May 31
June 1 through August 31
September 1 through December 31
Many therapists create separate savings accounts to save money for tax payments.
You may also want to talk to your CPA about appropriate deductible business expenses (save those receipts!):
Mileage – keep odometer records on a daily basis
Additional Deductible Expenses – ALWAYS SAVE RECEIPTS!
100 John Robert Thomas Drive, Exton, PA 19341 | 610-363-7009 | Directions