View Single Post
Old 11-01-2010, 01:21 PM  
greenlab
Confirmed User
 
Join Date: Oct 2002
Posts: 252
Quote:
Originally Posted by candyx View Post
Yeah i was thinking whether it would have more advantages creating a small business instead of going with self employed status.
And yes 2 years ago , 11k on my 1099 , 3600 $ in taxes .
Apparently the federal, state and self employed tax that goes to social security and medicare adds up to quite a lovely percentage...
But i will research other accountants since you guys mentioned i could probably reduce that, thank you all for the advice.

Also for anyone interested in the new card information from SKANAB , the card has like stated above 1020 $ ATM limit, 3 $ fee at ATM and it expires in 2 years . Thought i'd share that since i received that info.

Hmm so better take the card and avoid all the hassle with the paperwork /taxes..
greenlab is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote