[TriLUG] [TriEmbed] In Need of Job Advice

[Tim Jowers via TriLUG]

So, small companies will pay you quickly. Even 1 to 2 weeks. Large
companies will try to starve you out and delay payment to 6 months. The
group handling the payment wants to starve you out as they want to give the
contracts to their buddy's companies.

Other responses are correct. Send the invoice. Duplicate it with email from
within their internal system and cc'ing your external info. Get as much
documentation as you can on the work you are producing. Specs etc for what
you are delivering. Any emails telling you what to do.

In the end, if its a small/money strapped place, I recommend an ultimatum
from you and you find something else. Stiffing subs is common in
construction from what workers have told me. For example, at project
completion then the workers just never receive their final checks. You
could be working on an open source project for free instead!

Good luck,
Tim



On Sun, Oct 23, 2016 at 9:18 PM, Charles Fischer via TriLUG <
trilug at trilug.org> wrote:

> You are looking for "cash basis accounting".
>
> -Charles
>
> On Oct 23, 2016 9:02 PM, "Joseph Mack NA3T via TriLUG" <trilug at trilug.org>
> wrote:
>
> > On Sun, 23 Oct 2016, Brian McCullough via TriLUG wrote:
> >
> > Unfortunately, the tax department doesn't see it the way that "normal"
> >> people would.
> >>
> >> By doing the work with an agreement to be paid, he has earned the
> income,
> >> whether it was paid or not.
> >>
> >
> > there's two ways of accounting. It's explained in the self employeed tax
> > form (I think schedule C) notes, but I don't remember what they're
> called.
> >
> > One of them depends on the amount of money you've actually received and
> > spent. This is the one I use, This is best for small businesses as you
> > don't record income or expenses till the money changes hands.
> >
> > The other is what people promised to pay. eg you make a sale and you
> > record the money as income, even though you don't have the money in hand.
> > If you wind up not receiving the money, you then have to fill out another
> > form saying you didn't receive the money. This is the one big businesses,
> > eg ENRON, use.
> >
> > You pick the way you're going to do it and you can't change (well you
> > can't change easily.)
> >
> > eg last year (2015) I earned some money but didn't receive the check till
> > 31 Dec after the bank closed. I deposited the check on the first day in
> jan
> > that the bank was open. It's in my bank statement as being deposited in
> > 2016, even though the job was done in 2015. I will be telling the IRS
> that
> > I earned the money in 2016.
> >
> > Joe
> >
> > --
> > Joseph Mack NA3T EME(B,D), FM05lw North Carolina
> > jmack (at) austintek (dot) com - azimuthal equidistant
> > map generator at http://www.wm7d.net/azproj.shtml
> > Homepage http://www.austintek.com/ It's GNU/Linux!
> > --
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