Pros and Cons of 1099 versus withholding
Other than the most obvious, what are the pros and cons of 1099 versus the company withholding taxes on a workkamper position?
Forum Discussion
If ya do not get hurt there ain't a lot wrong with a 1099 . Sure you will pay more SS taxes put the" Fudge" factor by being in business for yourself can make up for that . You can write more off your income taxes for one, many business expenses can be deducted such as a portion of phone bill , cell service , internet service , paper supplies . I write off ice , many meals. even calling on future contracts . Do not forget when you are a CONTRACTOR you are a business with all benefits and responsibilities .
