Yeah, it's how I handle contracts. Almost everything is deductible.
He should talk to an accountant and lawyer to make sure he gets out right. On Feb 28, 2014 9:46 PM, "C. Hatton Humphrey" <[email protected]> wrote: > > Need to get some feedback on a concept that a friend of mine is > considering. He's a graphic designer working for a company right now and > is considering switching to contract work. Someone suggested that it would > make more sense tax-wise to form a S-Corp, pay himself as a W2 employee and > then claim the rest as corporate dividends. > > Anyone else do this before? I'm not an accountant and have suggested he > talk to one. Unfortunately my own experience in the contract world is out > of date and I mainly did it as a 1099. > > He's a good friend and I don't want to see him mess himself up. > > Until Later! > C. Hatton Humphrey > http://www.eastcoastconservative.com > > Every cloud does have a silver lining. Sometimes you just have to do some > smelting to find it. > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:369526 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
