Quote:
Originally Posted by candyx
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.
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do yourself a favor
create an s-corp its not hard to do and get yourself a good accountant.
a good cpa should cost you 500 a year on avg to do both your personal and corporate returns. will save you a ton of money plus tell you everything you can expense.