4 ms·

I agree with this comment. I'm wholly in the US, so maybe my experience is unique to me. Bit I was freelancing for quite a while and then one of my clients en

I agree with this comment. I'm wholly in the US, so maybe my experience is unique to me. Bit I was freelancing for quite a while and then one of my clients ended up buying all my time. IMO, there weren't any benefits from remaining a contractor once I was working full time. We ended up cutting my pay a bit to account for a shift in taxes and that worked out better for both me and my employer.

ex_ex_nihilo 8y ago
If you were individual 1099, then no there is no advantage really. And you have to pay self-employment tax. If you were B2B 1099, there are ENORMOUS advantages. My average effective federal tax rate on ~$250k/yr is right around 1.8-2.2% because I'm 1099 B2B and have a great tax attorney and accountant. Obviously on paper I make like $30k a year or something stupid like that, I don't know. My attorney adjust things monthly or quarterly as necessary, starts new LLCs or whatever is required.