3
votes
1answer
251 views

If I pay taxes on my earnings, would someone also pay taxes on the same earnings if I subcontract them and pay a share?

Forgive the confusing title, but it was the best way that I could explain the following situation briefly. I currently have some contracts for doing IT works with various companies. They pay me as ...
2
votes
4answers
4k views

Which is better when working as a contractor, 1099 or incorporating?

When working as a contractor, is it better to work as a 1099 contractor or rather incorporate as a C, S or LLC corporation? (with one employee/owner/board member) (assuming that the pay is the same ...
6
votes
2answers
460 views

Tax implications of having some self-employment income?

I worked as an independent contractor for a short time this year (summer), bringing in under 5K in earnings. I have received all of my W2's at this point and am preparing to do my taxes this weekend. ...
8
votes
2answers
940 views

I run my own nonprofit corporation. Should I pay myself as a contractor or an employee?

I started a run my own nonprofit corporation. We have a board of directors and my title is executive director, founder, and am on the board. We have been completely volunteer staffed including ...
21
votes
6answers
14k views

Why do consultants or contractors make more money than employees?

Why do consultants or contractors make more money than employees?
7
votes
4answers
961 views

Can I ask my employer if I can work as a contractor instead of an employee?

Can I ask my employer if I can work as a contractor instead of an employee?