Avoid W-2 Status and Extra Tax: Become a Licensed Business
Successful Independent Consulting
DECEMBER 19, 2019
Photo credit: ID 8861152 © Paul Jantz | Dreamstime.com. One of the benefits of being self-employed is paying less tax than you would if you were paid like an employee on a W-2 tax basis. If you’re smart, you’re getting paid on 1099 tax basis, deducting your business expenses, and contributing to your own retirement plan to lower your tax bill. (This two-minute video explains how this works.
Let's personalize your content