Should have been accountant -
Posted By: Sorry long day-nm on 2007-01-04
In Reply to: Percentage of tax - sm
nm
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Get an accountant - best advice I can give you. nm
x
To Winnie - I do my own taxes not an accountant
I fill out Schedule SE which is the social security and medicare tax form. However I have thought about hiring an accountant if I am paying too much or tax that I don't need to be paying.
It is normal contact accountant
if the corporation is legit (has filed with the state and is active) and that corporation is paying you for services than they have the right before paying you to have either your social security number or ein number if you are incorporated. At the end of the year that company will send you a 1099 and you will have to pay whatever taxes on those funds you earned. There are advantages to both you and the corporation by having you as a IC. You are now able to write-off more things than a traditional employee being paid w-2. As long as the company does not demand that you be available at certain times than you would not be considered an employee.
No, just someone who is not an accountant. Responsible for 200+ employees, ICs in several states. No
nm
Best advice I can give is talk with your accountant. sm
If you don't have one, seek one out. They would be the best source of reliable tax information.
The payroll dept isn't exactly qualified. There's no accountant on staff. sm
I wish they would just let ADP or something similar handle it. So many things are incorrect so often, taxes, PTO pay missing, etc.
No kidding! She shoulda fired her accountant, or perhaps hired one.
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