[jsfg_cinti] Re: Advice Sought

Listserver command info can be found at the end of this file.
_______________________________________________

Hi, An article from msn news has a paragraph that
answers question #2. The address is:
http://www.msnbc.com/news/665713.asp

I have also done contract work while on unemployment,
though for briefer periods of time.
My unemployment did stop when I worked, however 6
months of unemployment benefits was extended up to a
year.  This was several years ago. Check it out with
the Unemployment Office.  I also estimate my income
and pay estimated taxes quarterly for City, State and
Federal taxes as well as Social Security tax. A tax
preparer or CPA can give you the scoop on this.  Also
your mileage, long distance phone expenses, are
deductable. there are other "business" expenses that
are deductible too.

--- Endejann <hmendejann@xxxxxxxxxxxx> wrote:
> Listserver command info can be found at the end of
this file.
_______________________________________
 > Unemployment should stop, but could be resumed when
> the contract ends - I
> believe everyone's maximum is 26 weeks currently but
> I don't know the
> details about restarting or "refreshing" your
> unemployment benefits.
> Taking a "contract" position should not be viewed
> negatively - you are going
> into business for yourself!  You are the boss and
> the employee.  My wife has
> been a contractor for many years.  We file taxes
> quarterly;  Federal, State,
> and because some of the work is done in the City of
> Cincinnati, local
> payroll taxes.  The Federal taxes should include
> Social Security (FICA).
> Initially, estimate high, then adjust as needed.
> 
> Good Luck,
> Mike E
> 
> ----- Original Message -----
> From: "John Wenker" <john_wenker@xxxxxxxxxxx>
> To: <jsfg_cinti@xxxxxxxxxxxxx>
> Sent: Wednesday, January 02, 2002 9:11 AM
> Subject: [jsfg_cinti] Advice Sought
> 
> 
> > Listserver command info can be found at the end of
> this file.
> > _______________________________________________
> >
> > Fellow Job Seekers,
> >
> > I am in need of some "quick" advice.  I have
> (potentially) the opportunity
> > to do some contracting work - anywhere from 6 to 9
> months, maybe more
> > guaranteed - but am "afraid" of accepting for a
> couple of reasons:
> >
> > 1. Since I would be considered a 1099 employee, I
> know I would have to
> cover
> > all the sundry expenses of FICA, medical, etc. 
> Does anyone know how
> > unemployment would be affected?  If after 9
> months, I'm back in the same
> > boat, would I be eligible???
> >
> > 2. Has anyone done such an arrangement?  I'm a
> little hesitant for the
> fear
> > of being perceived as a job hopper.  Though I was
> in my last position for
> 7
> > years, if I take this, how would it appear in my
> subsequent search?
> >
> > Any advice would be greatly appreciated.
> >
> > John G. Wenker
> > john_wenker@xxxxxxxxxxx
> >
> >
>
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=====
Dominica Droesch
d2minica@xxxxxxxxx

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