On 11/15/05, Jeremy Kemper <[EMAIL PROTECTED]> wrote: > -----BEGIN PGP SIGNED MESSAGE----- > Hash: SHA1 > > On Nov 15, 2005, at 12:36 PM, Phil Tomson wrote: > > I've contracted before at Intel, but when you contract at Intel you're > > really shielded by a contracting company that takes out the taxes, > > etc. In this case I'm on my own. I notice that part of the > > agreement I just signed says: "The Contractor will carry liability > > insurance". So, where does one find this kind of software engineering > > liability insurance? Would it suffice to have an umbrella policy? > > Google it. That's a strange requirement; I'd ask to have it > removed. I've only heard of professional engineers (as in state- > certified) being required to carry liability coverage.
I asked about it. Was told that it only applies to on site work so I don't need to worry about it. I guess if you wreck their computer or something... > > > > As far as taxes go, I assume you've got to send them in quarterly and > > also pay a big chunk (15%) for SS, right? > > You don't have to for your first year of self-employment. Just be > careful to save enough to pay your taxes. Also remember that you now > owe self-employment tax along with the typical smorgasboard. Yeah, that's the 15% for social security (basically, an extra 7.5% because you're paying the employer part ). Phil _______________________________________________ PDXRuby mailing list [email protected] IRC: #pdx.rb on irc.freenode.net http://lists.pdxruby.org/mailman/listinfo/pdxruby
