Overview
As a contractor, you’re responsible for your own taxes. Toku helps by collecting required tax information and providing documentation for your records.Tax Documents
Documents You Provide
Depending on your location, you may need to provide:Documents You Receive
Toku provides:- Payment summaries — Record of all payments received
- 1099 (US) — Annual tax form if you received $600+ from a US client
- Invoice history — Complete record of your invoices
Providing Tax Information
1
Navigate to Tax Info
Go to Settings > Tax Information
2
Select your country
Choose your country of tax residence
3
Complete required forms
Fill out the appropriate tax form (W-9, W-8BEN, etc.)
4
Enter tax ID
Provide your tax identification number
5
Sign electronically
Sign the form to certify the information
For US Contractors
W-9 Form
If you’re a US person (citizen, resident, or entity), complete a W-9 with:- Legal name
- Business name (if applicable)
- Tax classification
- Social Security Number or EIN
- Address
1099-NEC
If you receive $600 or more from a US client in a calendar year, you’ll receive a 1099-NEC form by January 31 of the following year.For Non-US Contractors
W-8BEN / W-8BEN-E
If you’re a non-US person working with a US company:- Certifies your foreign status
- May reduce or eliminate US tax withholding
- Requires country of residence and foreign tax ID
Withholding
Some payments to non-US contractors may be subject to US withholding (typically 30%, reduced by tax treaties).Tax Withholding
In some cases, taxes may be withheld from your payments:- Check your payment details for any withholding
- Withheld amounts are remitted to tax authorities
- You receive documentation of amounts withheld
Important Reminders
Record Keeping
Keep records of:- All invoices submitted
- All payments received
- Tax documents (W-9, 1099, etc.)
- Business expenses related to your contractor work
Estimated Taxes
As a contractor, you may need to make estimated tax payments throughout the year. Check with a tax professional about your obligations.Accessing Tax Documents
1
Go to Documents
Click Documents in the sidebar
2
Select Tax Documents
Choose the Tax Documents tab
3
Select year
Choose the tax year
4
Download
Download your documents
Need Help?
Contractor FAQ
Common questions about contractor payments and taxes