Helpfulbox Now Offers Free POS Software for restaurants, kiosk, and any other retails business completely free used windows cashier system or as full blown POS. You will able to print to kitchen, display orders on the kitchen screen, manage inventory, employee, report, customer loyalty offers, employee management, delivery address track and much more, al for free.

I'm a consultant -- ok to incoroporate?? howdy- I'm a consultant, and my accountant has suggested that instead of billing as myself, I set up a corporation, and bill the consulting work through that, which would significantly reduce my tax burden. I'm sure there are a lot of nuances and considerations, but I'll throw it out to the group: is this generally ok? And if so, what type of entity? LLC? S-Corp? thank you

By: Guest
Date: Unknown--
Response
0
it will increase your tax prep fees

that's for sure - do it

and it 'may' reduce some payroll related taxes by taking a reasonable salary and distributions

and it 'may' allow you to collect unemployment at some point

[d] By: Guest
Date: unknown---
Response
0
How will it reduce your tax burden?

Are you suggesting not paying payroll tax?

[d] By: Guest
Date: unknown---
Response
0
Become a LLC to limit you're liability.
[d] By: Guest
Date: unknown---
Response
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The real question which can not

be answered here, how much are we talking about as Corp income? If you are only making $50,000 to $100,000 their will be no saving. The extra cost of payroll service, Workers comp, FUTA, Suta and your state Corporate tax ($800 regradless of Gain or loss to Corporate income).

ALso are you a sole consultant, or do you also have staff. Why I am asking is that with out a staff to leverage income, It is a hard test to convince the IRS that all income is not subject to payroll taxes (breaking the Reasonable wage idea out of the water).

Visit another CPA or tax person and run some numbers before going off half cocked.

[d] By: Guest
Date: unknown---
Response
0
$800 a year in comifornia

It's a screw job to have an LLC, S-Corp or small corp in the peoples republic of California.

[d] By: Guest
Date: unknown---
Response
What is 1 + 100



Helpfulbox Now Offers Free POS Software

for restaurants, kiosk, and any other retails business completely free. It can be used as windows cashier system or as full blown POS. You will able to print to kitchen, display orders on the kitchen screen, manage inventory, employee, report, customer loyalty offers, employee management, delivery address track and much more, all for free.

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