1099 Vs W2 vs mana LLC Chalanachithram.com | Topics | Search
Hide Clipart | Log Out | Register | Edit Profile

Last 30 mins | 1 | 2 | 4 hours     Last 1 | 7 Days

Chalanachithram.com DB » TF Industry related » Archive through January 05, 2013 » 1099 Vs W2 vs mana LLC « Previous Next »

Author Message
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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.
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Ravino786:

Happy new year idle


dora dandalu, yappy new yr
RahulGandhi/JP/Chiru
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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.
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Ravino786:

calling info on per dm .., 1099 w2 akula katta



RahulGandhi/JP/Chiru
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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.
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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.
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

>>
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?
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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.
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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.
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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.
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Maverick:

intlo office room ante per sqft division cheyyali




1099 medha kuda cheskovacha?

tax difference entha vuntundhi?
RahulGandhi/JP/Chiru
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

>>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?
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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.
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Chillarodu:

travel, buying any laptops for work, software etc.. claim chesukovachaa.. company lekunda?




Yes
RahulGandhi/JP/Chiru
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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.
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Maverick:

solo 401k


idhi tappithe vere benifts yemi leva?

1099 taxes ki
LLC setup chesi manam W2 ga cherithe

Any difference?
RahulGandhi/JP/Chiru
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

idle solo 401k kosam llc set up chesa
Who is this DB member?
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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.
Top of pagePrevious messageNext messageBottom of page Link to this message

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:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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

Add Your Message Here
Post:
Bold text Italics Underline Create a hyperlink Insert a clipart image HASH(0x9f67440){Movie Clipart}
Show / Hide regular icons selection options

Click on following links to open cliparts by Alphabetical Order

 A   B   C   D   E   F   G   H   I   J   K   L   M  

 N   O   P   Q   R   S   T   U   V   W   X   Y   Z  

Show / Hide Filmy icons selection options

Click on following links to open cliparts by Alphabetical Order

 A   B   C   D   E   F   G   H   I   J   K   L   M  

 N   O   P   Q   R   S   T   U   V   W   X   Y   Z  


Username: Posting Information:
This is a public posting area. Enter your username and password if you have an account. Otherwise, enter your full name as your username and leave the password blank. Your e-mail address is optional.
Password:
E-mail:
Options: Enable HTML code in message
Automatically activate URLs in message
Action: