Be Solopreneur Savvy: Insist on a 1099, not a W-2
Successful Independent Consulting
NOVEMBER 2, 2022
This is because of self-employment tax. As a self-employed business owner, you have to pay the employer’s share of your Social Security and Medicare contribution— 15.3% If you want to know why, read my white paper about co-employment risk.) A W-9 form is what results in a 1099 tax statement at the end of the tax year.)
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