Independent Contractor Work Agreement For Accountant And Bookkeeper In Pima
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The freelance bookkeeper can work remotely or on-site, depending on the needs of the business. The freelance bookkeeper will typically invoice the business for its services every month. They will keep track of the business's income and expenses and prepare financial statements and reports as needed.
Structure payments on a per-project basis, and require the contractor to submit invoices. Avoid salary payments, hourly payments, or any guaranteed “retainer” that is not tracked to performance. Specify the conditions for termination of the relationship—and do not make the arrangement terminable at will.
What to Include Party Details. The agreement will name the contractor and the client and provide the mailing addresses where invoices and correspondence can be sent. Term. The one-page contract must state the dates the contractual relationship begins and ends. Services. Compensation. Expenses. Signatures.
A bookkeeper comes to the organization once a week to do the bookkeeping. If he has other clients, controls when the work will be done, and gives the client the results (i.e., monthly financial statements), it is pretty clear he is an independent contractor.
Quite often, the bookkeeper and accountant render services under conditions that are a combination of employee and independent contractor. For example, they may be an employee on one job and an independent contractor on another job.
If you have your own bookkeeping business, you are most likely a contractor and will receive 1099s from your clients (this is also a service I offer to my clients where I can prepare their 1099s for any other contractors who work for them).
What type of businesses is QuickBooks Solopreneur for? QuickBooks Solopreneur is designed for one-person businesses, who may or may not use 1099 contractors. It includes easy to use organization, tax and growth focused tools to help drive financial stability.
Factors that show you are an independent contractor include working with multiple clients instead of just one, not receiving detailed instructions from hiring firms, paying your own business expenses such as office and equipment expenses, setting your own schedule, marketing your services to the public, having all ...