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Ravino786
Hero Username: Ravino786
Post Number: 17465 Registered: 12-2006 Posted From: 199.4.21.2
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 02:45 pm: |
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Dora evadadu?? vizak wallaki etakaralu ekkuva...month end ki call wastadhi evaranna unnara ani chus ,,... Jo nuvvu kish mugguru muggure Rajanna Amar Hai. Jai Jagan, YSRCP Zindabad.
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Idle_yzag
Legend Username: Idle_yzag
Post Number: 36865 Registered: 02-2008 Posted From: 198.80.144.187
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 02:38 pm: |
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Ravino786:Happy new year idle
dora dandalu, yappy new yr RahulGandhi/JP/Chiru |
   
Ravino786
Hero Username: Ravino786
Post Number: 17464 Registered: 12-2006 Posted From: 199.4.21.2
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 02:34 pm: |
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Happy new year idle...koncham samsruthi samradayala guricnhi kuda threds weyyi...denamma evadu dollar ki 60 56 istadu 60 istada ani threds lekapothe compnay pettala ani salaha... thu manishiva kiran kumar va Rajanna Amar Hai. Jai Jagan, YSRCP Zindabad.
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Idle_yzag
Legend Username: Idle_yzag
Post Number: 36863 Registered: 02-2008 Posted From: 198.80.144.187
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 02:31 pm: |
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Ravino786:calling info on per dm .., 1099 w2 akula katta
 RahulGandhi/JP/Chiru |
   
Chillarodu
Side Hero Username: Chillarodu
Post Number: 2521 Registered: 03-2008 Posted From: 173.162.149.129
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 02:30 pm: |
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Ravino786:chesukovacchu
idhi LLC vuntene cheyocha leka W2 or 1099 meedha kooda na? A diamond with a flaw is better than a common stone that is perfect. |
   
Ravino786
Hero Username: Ravino786
Post Number: 17463 Registered: 12-2006 Posted From: 199.4.21.2
Rating:  Votes: 2 (Vote!) | | Posted on Friday, January 04, 2013 - 02:27 pm: |
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Thu ..sunil icon... eppudu cast and cash gurinche na?? managalampalli balamuralikrishna, gana gandarva balu, samsrkuthi sampradayam gurinchi threds matram undavu ... calling info on per dm .., 1099 w2 akula katta Rajanna Amar Hai. Jai Jagan, YSRCP Zindabad.
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Maverick
Legend Username: Maverick
Post Number: 42190 Registered: 01-2008 Posted From: 70.39.231.92
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 02:25 pm: |
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>> yeah.. but Monday - thu client place ki travel cheyyali anuko. In that case hotel expenses or emanna apartment rent theesukunte... can we claim these expenses? chesukovacchu Who is this DB member? |
   
Chillarodu
Side Hero Username: Chillarodu
Post Number: 2520 Registered: 03-2008 Posted From: 173.162.149.129
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 02:20 pm: |
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Google chesthe.. ee kindha information dorikindhi.. The question is how much percent that increase in income should be in order to justify transition between w2 to 1099 1. In terms of determining how much extra to charge, the easiest part to figure out is the extra 7.65% that you'll be paying for FICA. (Instead of paying 7.65% for FICA, like you do as an employee, you'll now be paying 15.3% for Self-Employment tax as an independent contractor. 2. Next thing to try and factor in is how much you'll have to pay for E&O insurance. 3. Business licenses. The costs of these can vary dramatically depending upon your location. After that, it's pretty much all positives to being an independent contractor: a) You'll be entitled to more deductions. And these deductions will be Schedule C deductions (saving you on SE tax) as compared to itemized deductions, like for an employee. b) Quarterly taxes. Some people think this is a disadvantage to being self-employed. Simply put, they're wrong. You actually get to keep you're money LONGER when you're paying taxes quarterly. Employees have withholdings from every single paycheck. As such, if you have an interest-bearing checking account (or a money market) into which your paychecks are deposited, you actually have MORE time to earn interest on your money while you're self employed. c) Freedom to set your own rates and pursue other clients as well, should you choose to. d) Ability to form an S Corp or a C Corp should your business ever grow to the point that it would create tax savings to be in either of those forms. (If you want more info on this particular topic, it's available in the book I mentioned I'm a couple months away from publishing. And since it hasn't been printed yet, I'm still sending it out free, so private-message me if you want me to email you a copy.) A diamond with a flaw is better than a common stone that is perfect. |
   
Chillarodu
Side Hero Username: Chillarodu
Post Number: 2519 Registered: 03-2008 Posted From: 173.162.149.129
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 02:18 pm: |
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Okatelugodu:GC vunnollaki one key difference between 1099/corp2corp vs w2 is unemployment insurance. Oka vela gap lo job poythe 1099 ayina self incorporated ayina unemployment benefit radu.
good info.. A diamond with a flaw is better than a common stone that is perfect. |
   
Chillarodu
Side Hero Username: Chillarodu
Post Number: 2518 Registered: 03-2008 Posted From: 173.162.149.129
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 02:17 pm: |
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Maverick:aa eye r yes investigate chestundi..u can t do it entirely. intlo office room ante per sqft division cheyyali
yeah.. but Monday - thu client place ki travel cheyyali anuko. In that case hotel expenses or emanna apartment rent theesukunte... can we claim these expenses? A diamond with a flaw is better than a common stone that is perfect. |
   
Okatelugodu
Side Hero Username: Okatelugodu
Post Number: 6766 Registered: 02-2008 Posted From: 192.193.171.149
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 02:15 pm: |
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GC vunnollaki one key difference between 1099/corp2corp vs w2 is unemployment insurance. Oka vela gap lo job poythe 1099 ayina self incorporated ayina unemployment benefit radu. My 2c |
   
Idle_yzag
Legend Username: Idle_yzag
Post Number: 36862 Registered: 02-2008 Posted From: 198.80.144.187
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 02:12 pm: |
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Maverick:intlo office room ante per sqft division cheyyali
1099 medha kuda cheskovacha? tax difference entha vuntundhi? RahulGandhi/JP/Chiru |
   
Maverick
Legend Username: Maverick
Post Number: 42189 Registered: 01-2008 Posted From: 70.39.176.124
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 02:06 pm: |
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>>1 more advantage for LLC might be you can pay house rent as office setup rent ? kikiki aa eye r yes investigate chestundi..u can t do it entirely. intlo office room ante per sqft division cheyyali Who is this DB member? |
   
Idle_yzag
Legend Username: Idle_yzag
Post Number: 36861 Registered: 02-2008 Posted From: 198.80.144.187
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 02:03 pm: |
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Chillarodu:401k kaakunda inka enti advantages?
you can add more employees to your LLC taxes lo yemina theda vuntundha Mav cheppali, 1 more advantage for LLC might be you can pay house rent as office setup rent ? kikiki RahulGandhi/JP/Chiru |
   
Chillarodu
Side Hero Username: Chillarodu
Post Number: 2517 Registered: 03-2008 Posted From: 173.162.149.129
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 01:56 pm: |
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Idle_yzag:Yes
ayithe.. back to your question. 401k kaakunda inka enti advantages? A diamond with a flaw is better than a common stone that is perfect. |
   
Idle_yzag
Legend Username: Idle_yzag
Post Number: 36860 Registered: 02-2008 Posted From: 198.80.144.187
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 01:55 pm: |
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Chillarodu:travel, buying any laptops for work, software etc.. claim chesukovachaa.. company lekunda?
Yes RahulGandhi/JP/Chiru |
   
Chillarodu
Side Hero Username: Chillarodu
Post Number: 2516 Registered: 03-2008 Posted From: 173.162.149.129
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 01:52 pm: |
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Idle_yzag:avsaram ledhu, 1099 for individual contractor
ee case lo.. mnam expenses claim chesukovachaa? travel, buying any laptops for work, software etc.. claim chesukovachaa.. company lekunda? LLC etla setup process enti? A diamond with a flaw is better than a common stone that is perfect. |
   
Idle_yzag
Legend Username: Idle_yzag
Post Number: 36859 Registered: 02-2008 Posted From: 198.80.144.187
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 01:52 pm: |
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Maverick:solo 401k
idhi tappithe vere benifts yemi leva? 1099 taxes ki LLC setup chesi manam W2 ga cherithe Any difference? RahulGandhi/JP/Chiru |
   
Maverick
Legend Username: Maverick
Post Number: 42188 Registered: 01-2008 Posted From: 70.39.176.132
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 01:48 pm: |
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idle solo 401k kosam llc set up chesa Who is this DB member? |
   
Idle_yzag
Legend Username: Idle_yzag
Post Number: 36858 Registered: 02-2008 Posted From: 198.80.144.187
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 01:46 pm: |
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Chillarodu:1099 ki.. we have to register a company kadhaa..
avsaram ledhu, 1099 for individual contractor Calling MAV, asalu LLC endhuku setup sesav? RahulGandhi/JP/Chiru |
   
Chillarodu
Side Hero Username: Chillarodu
Post Number: 2515 Registered: 03-2008 Posted From: 173.162.149.129
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 01:44 pm: |
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On the same note.. 1099 ki.. we have to register a company kadhaa.. right now I getting paid on W2 but future lo 1099 ki maarochu.. So evaranna company register chesunte.. koncham process chepthaara? A diamond with a flaw is better than a common stone that is perfect. |
   
Idle_yzag
Legend Username: Idle_yzag
Post Number: 36857 Registered: 02-2008 Posted From: 198.80.144.187
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, January 04, 2013 - 01:41 pm: |
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EAD vunna vallaki, which one will be good? W2: +ve: search for employee and we can attach them, he will take care of all tax details -ve: vadi share vadiki ivvali kada 1099: +ve yevadiki share ivvakunda manamee theskovachu kada -ve: Need to file takes every quarterly, W2 tho compare chesthe 1099 Employer taxes yekuva vuntai? Setup LLC like Mav: dont know RahulGandhi/JP/Chiru |