contractor $$ questions
contractor $$ questions
Out of context: Reply #9
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- GreedoLives0
i file as sole proprietor, but am also incorporated. i'm basically two businesses. a bit of a tax cheat, don't tell anyone.
but the self-employment tax is a flat rate, it's not determined by how you file.
being incorporated, however, allows you to deduct more. but then you become your own employee and you have to do more paperwork. talk to the people at the accounting place you have access to, they'll tell you what's best for your specific situation.