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Crystal
All are contract to hire and no benefits.
I think I understand the w2 and % more to ask for as a 1099 but not sure how that # moves for s corp.
Hope that makes sense. Thanks for your insight!
CalebAre you actually going to be able to operate as an independent contractor?
Getting to choose between 1099 amd W2 with no difference in job description likely wouldn’t hold up to IRS scrutiny for the employer.
All that said, Hourly rate as 1099 should usually be at least 15-20% higher at a minimum to account for payroll taxes and lack of benefits.
Don’t miss: I don’t want to get into trouble with the IRS
CarlThere is more to it than this. As a non-W2 contractor, you could be paid the money directly, you could form an s or c Corp, you could form an LLC, you could form an LLC and elect to be taxed as an s-corp or a c-corp…lots of variables.
See an accountant in your hometown that you trust. They can help you determine what is best for your situation. Which way you go is going to depend on a lot of factors, including how long you’re going to be doing this and how much money you’re going to make.
Good luck
TomYou probably should ask an accountant. There are likely several things to consider based on the nature of the business, the expenses you will incur, and maybe even liability.
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