I did a little searching around and found a few topics that touched on this, but my circumstances are a bit different than the topics I found.
I just was obtained by a small web design company as an independent contractor, I've never done anything like this before, but it seems like a great gig since I'm in college currently, and the hours are what I make of them. I live in Washington state.
The employer gave me a W9 form and a contract outlining my duties, wages, etc. My questions are: 1) What forms do I need to fill out for taxes, when do I need to turn them in, and where do I get these forms. 2) How much money should I put aside for taxes, assuming my income won't be over 25k a year. I read about 33%, is that valid for WA as well? 3) Is there anything else I should be aware of with these taxes? 4) Would it be more cost effective to get a sole proprietorship business license?
I've never filed taxes before, and every other job I've had has always automatically taken taxes out as an employee. Any knowledge/advice would be strongly appreciated.
Thanks in advance for your time.
Jimmy