Employee vs Independent Contractor Tax Differences | W-2 vs 1099

In this video I compare the tax differences between being taxed as an employee vs. an independent contractor being taxed as a sole proprietor as well as an independent contractor electing to be taxed as an S Corporation. You'll learn how much more you should ask for in pay if considering to be treated as an independent contractor.

⏱ Timestamps ⏱

00:00 Topic: Employee vs Contractor Taxes
01:30 Taxes as an Employee
02:36 Taxes as Contractor (Sole Proprietor)
03:44 Taxes as Contractor (S Corp)
05:50 S Corp Fees
06:46 How much more pay to ask for

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This video was created for informational purposes and it is not to be construed as legal and tax advice specific to your unique situation. The above links to my video and audio gear are affiliate links. Some of the links above are affiliate links which means that if you purchase a product or service with the provided link, I may receive a commission with no additional cost to you.

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#IndependentContractor #Taxes #SCorp