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Out of context: Reply #65214

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  • whatthefunk3

    Freelance gig in the US where I'll be hiring some help - haven't done this before. Should I reach out to an accountant about how to pay out this person & pay taxes in the future. If I hire someone and write them a 1099, etc. Haven't done this before and I'm just a sole proprietor with my freelance, no LLC or Inc.

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    • I think you give a 1099 when your contract rate is over $XXXX amount. Any business savies around?Hayoth
    • yep... 1099 them for anything over $600.
      You may want to file for that LLC... it's cheap and a nice umbrella to protect you personally just-in-case      PonyBoy
    • Good start, thanks. Of course I didn't google shit, I just figured I'd post here and take it from there. Many thanks...whatthefunk
    • Filing for an LLC is not cheap in California (800 dollars). Expect more paperwork and a higher tax preparation bill.studderine
    • I hired someone last year. I'm a freelancer and I just issued them a 1099. I'll use that to reduce my tax-able income last year.studderine
    • hmmm... well... fuck california :)
      (it's only $50 here, studdy... COME HOME!!!)      PonyBoy
    • over $599bklyndroobeki
    • I hired a freelancer 2 years ago. Sole proprietor here (NYC). Can hook you up with my tax guy if you have questions. It was a seamless process. No 1099 for thembklyndroobeki
    • @Stud: so you're just a sole proprietor and used the 1099 as a loss when you did taxes?whatthefunk
    • @bkd - thanks man, I got a guy I've used for awhile but wanted to inquire here first. Appreciate it...whatthefunk
    • npbklyndroobeki
    • @Whatthefunk—That is my understanding. I did the same thing a few years ago.studderine
    • @stud - thankswhatthefunk
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