This is my first full year in independent recruiting after 10 years working for a company. I have made a number of placements this year and am just looking for tips, suggestions and advice as it relates to paying taxes.


I found it difficult to pay taxes immediately upon cash-in in the beginning because I wasn't sure when I'd get my next deal, so II set 40% aside in a savings account.



Tags: Accounting, Fees, Recruiting, Taxes

Views: 24

Reply to This

Replies to This Discussion

I escrow in a tax account as you are doing. If the tax liability is less than what i have in the tax account i use that to make estimated payments for the next year. Get ahead of Uncle Sugar a little bit. But i do the same as each placement comes in even when i am ahead of the ole boy. At least i get a little tiny bit of interest on it instead of giving uncle the use of my money for a full year before i owe it.

Reply to Discussion



Calling All Recruiters!

Meet Our Sponsors

New Call-to-action New Call-to-action

RecruitingBlogs on Twitter

Recruiting Videos

  • Add Videos
  • View All

© 2015   Created by RecruitingBlogs.   Powered by

Badges  |  Report an Issue  |  Terms of Service

scroll to the top