Independent Contractor issues
June 8, 2012 7:41 AM Subscribe
What are the benefits of being an independent contractor?
posted by a3matrix to Work & Money (11 answers total) 4 users marked this as a favorite
I have been hired as an independent contractor at a new job. It hasn't started yet but is coming up fast. I am trying to figure out how to best leverage this situation for tax purposes, as that is pretty much why people go this route from what I have read/heard.
I would like to hear from others that have gone down this road regarding their experiences, or from CPA or tax attorneys who have relevant experience in this area.
I am imagining being able to deduct things relating to my "business expenses" and such. Home office, percentage of utilities for said office, travel, supplies and equipment for the job.
I am planning a trip to the lawyers office and looking for a small business accountant but would like to hear first hand experiences as well.
Thought that popped into my head after reading some other askmefi IC posts: Taxes when taking into account my wife who works...