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Taking Up the Challenge of a Contractor

07 Oct

Working as an independent contractor has always been a challenge which has pushed me to my personal limits and beyond. When I first began working as such I actually knew very little regarding what it meant to be a contractor. It’s exactly the same thing as going into business for yourself which means you need to treat everything as a business itself; everything from utilizing a free receipt template for your clients to appropriate personal marketing methods. It’s not something I actually chose to go into. I didn’t set out to find a career in working as a contractor but as far as work goes, it’s not half bad.

It’s not exactly like working as a typical employee or career somewhere. Considering that the money you get paid is typically not taxed, you have to learn a modicum of discipline and financial responsibility by saving enough money to ensure that you’ll be able to afford taxes when they roll around. Depending on how you’ve set up your personal business, either as an actual business or simply an independent contractor, you have to pay out depending upon this as well. I’ve found that it’s easier to tax myself as a contractor than as a business as that allows me to utilize tax credits that I may not have otherwise been capable of taking advantage of.

It’s been good work for me so far and I enjoy being challenged in this manner. When I first took up this responsibility, I didn’t think I would make it past that first year. So far, so good. There’s something to be said for having a certain flexibility and freedom to be able to do what you wish to do, when you want to do it, in the context of working. Being your own boss is pretty amazing.

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