As a freelancer, I'm open to a wide variety of clients, from established companies offering several months of work to individuals wanting some small project done.
For instance sources of work like GetAFreelancer.com do sometimes throw up realistically priced pieces of work. But these kind of jobs are often difficult to get a contract for. For a start my client might have no idea how to do this, and then neither of us wants to spend several hours forming a contract for a piece of work which is only going to take 1-2 days.
I'm aware of the risks in terms of non-payment without a contract, but it's the tax situation I'm thinking about. Specifically, many clients of this type won't know how to make a wire transfer and often prefer to pay using PayPal. That's fine by me, except the PayPal account is in my name not my company's. Is there any problem with this kind of process, as long as I keep a clear paper trail of where money has come from?
For instance sources of work like GetAFreelancer.com do sometimes throw up realistically priced pieces of work. But these kind of jobs are often difficult to get a contract for. For a start my client might have no idea how to do this, and then neither of us wants to spend several hours forming a contract for a piece of work which is only going to take 1-2 days.
I'm aware of the risks in terms of non-payment without a contract, but it's the tax situation I'm thinking about. Specifically, many clients of this type won't know how to make a wire transfer and often prefer to pay using PayPal. That's fine by me, except the PayPal account is in my name not my company's. Is there any problem with this kind of process, as long as I keep a clear paper trail of where money has come from?
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