Wish I was given this advise twenty five years ago.
@rpruneau682 жыл бұрын
As a 1099 they aren't holding your taxes including unemployment or insurances so not only do you lose out with no benefits you are required to pay self employment taxes. If you do go 1099 you need to compensate for less benefits and more liability so working at the same hourly rate or even a few dollars above that of a W2 worker is cheating yourself. Being a subcontractor, you had better carry some type of liability insurance for jobsite mishaps and also commercial auto insurance since now you are a business entity. I would also highly recommend you incorporate your business so if for some reason you get sued they can't come after your personal assets. Wear & tear on vehicle, cost of vehicle, fuel, tools, PPE and anything else needed for work. Yes you may be able to write some of these items while reporting your taxes, you still need to carry the burden of said costs in addition to saving money to file since they are not holding any taxes back from pay. Oh yeah, you probably would do better if you hired a reputable book keeper since they may assist you with write-offs and are cheaper than a CPA or professional accountant. Slippery slope for a non-business minded person & of coarse a GREAT deal for a business owner since it removes a lot of the overhead and financial responsibility from them and transfer such onto YOU. This is why you need to get compensated for a 1099 position better than if you were to work as a W2 employee.
@sunsparkle8443 Жыл бұрын
Yeah, where I live I know people who run cleaning businesses cleaning toilets and floors. They all price their jobs so they make pull in about 50 dollars an hour. 45 minimum. Not much skill required. To pull in 15 an hour as a contractor doing any type of business is getting ripped off. Period.
@CableSupply Жыл бұрын
You are correct ! You need to incorporate, get commercial insurance, and keep tract of income. However you only need to pay tax on leftover income. No tax on tools, gas, truck/car, warehouse, computers, computer software and insurance that you use for business'. and other business expenses. There are additional write-offs for real-estate. You my not even owe taxes. Each state has their own laws check with an tax / business attorney. Thanks for watching and please subscribe!!
@johnnykennerly2435 жыл бұрын
Great video very informative, this is a great starting point for learning the trade and becoming a business man(entrepreneur). Thanks for sharing.
@walthue83535 жыл бұрын
Appreciate your video, great info. As an employer you can hire a 1099 individual, however they have to have their own insurance and in order to be insured, they have to have a C7 license. It could get complicated to do this in California.
@user-fg8up7ps9b4 жыл бұрын
Excellent video.. I didn't have to pay a university for this knowledge. Cater to the company needs not my needs to get a foot in the door and the experience. Good stuff!
@CableSupply4 жыл бұрын
Glad it was helpful!
@moodlap38403 жыл бұрын
GREAT info Jim! The customer should be forbidden from soliciting your representatives too.
@CableSupply9 ай бұрын
Thank you for watching my videos. I appreciate your positive comment. It helps and encourages me to make more videos.
@flyparks32243 жыл бұрын
Thank you so much starting a career in cabling very helpful
@CableSupply2 жыл бұрын
Your welcome
@ArtsyMike5 жыл бұрын
great information! thanks!
@GotWire5 жыл бұрын
$14 a hour $11a hour thats not that much now days. I work for a local data comp and make $24 a hour running cables $14 is nothing wow dint know regular cable company's dint pay that much
@CableSupply5 жыл бұрын
You have to start somewhere.
@danmurphy14005 жыл бұрын
I agree, Target hires staff at $13/hour without any experience required. And that's not even a specialized field. But it's moot. The point here is: Do you want to be a cabler but have no experience? Yes? Then be as cheap as possible until you know what you're doing. Jim's right; if you're inexperienced and want a company to pay to train you, you're gonna have to make up for it by being as inexpensive as possible at the start. You can end up arguing for more at a different company later when you actually have the experience, but a noob just isn't worth $24/hr if they don't know jack. You work your way up. If you don't have experience and you don't want to work your way up to higher pay, find a different field; tough shit. You're competing with greybeards and motivated kids/young adults that want it bad enough to sell themselves short.
@shanepowers86034 жыл бұрын
My boss now is going through the exact stress you described, except I’m doing everything I can to lighten the load or get the job done. I can’t help he won’t hire the right kind of employees or people who are skilled or fast as I am. But instead of seeing these issues he takes his stress out on his employees so I just can’t deal with that anymore. I’m 20 and very fast and experienced in this field. I’d really like some advice on how to get out on my own and start small jobs to finally become my own business. Is there any advice you can provide to help? What I should need?
@CableSupply3 жыл бұрын
Checkout my playlist here on my KZbin channel "Business Sense" playlist. "How to start and run a business" .
@MajedALmotairi-l7b4 жыл бұрын
Mr.jim Can you talk about Salary for cabling If the person have experiences and person does not have experiences .
@frankayala39503 жыл бұрын
Lmao 😂 I’m that guy who will forget my tool because I loan it to my uncle... you got a chuckle out of me, a loud one too! 🗣
@slobodannikolic37924 жыл бұрын
How to get a job in USA as a cable tehnician,I 've a lot expirience I will to work but I don't live in USA
@kmcgaughmohr3 жыл бұрын
I’m not expecting to get a lot of money out of this job but rather the experience because it will help me down the road. I want to become a Network Engineer or Architect and I believe this is a great place to start.
@CableSupply3 жыл бұрын
When your YOUNG work for the experience and knowledge. When you are OLDER and more experienced work for the money!
@jbutta54865 жыл бұрын
Where can you find these 1099 contract jobs?
@CableSupply5 жыл бұрын
There is a couple of ways to find entry level cabling jobs. Check out the internet for companies that cable other companies in your local area and then call the hiring manager and offer your services. You can also check with Microsoft Partners or Cisco partners in the area who may need cabling employee or may know the companies that are out there cabling buildings.
@1972landcruiser5 жыл бұрын
Why not an aluminium latter?
@CableSupply5 жыл бұрын
Aluminum ladders are unsafe. They conduct electricity. Wooden ladders fall apart. I believe there is a OSHA law against aluminum ladders.
@nampallinaresh5313 жыл бұрын
I have experience n cabling network in 8 years
@CableSupply9 ай бұрын
Thank you for watching the videos and keep learning
@delawarepro35395 жыл бұрын
Get to the nuts & bolts and talk turkey, money? Makes the world go round...
@SamSung-gh5fs2 жыл бұрын
Sir i am 5year cable cat6 cat 5 panching and instal
@CableSupply Жыл бұрын
well you have a goo foundation. keep on learning.
@SamSung-gh5fs2 жыл бұрын
Hello
@CableSupply Жыл бұрын
hello Sam. Did you get a job yet?
@SamSung-gh5fs2 жыл бұрын
Need job
@CableSupply Жыл бұрын
I understand, I have been there brother ! I need more subscribers!!!! Please help and subscribe.