Your CPA is right because...

you pay less taxes all around.  I've worked as an SE and it is the best of both worlds which is why very few MTSOs offer it any more. 

1.  When they take out the SS tax, they pay the employer share, as a real IC you have to pay it all. 

2.  As a SE you can file a business tax form and deduct all your expenses ie supplies, ref books, office exp, etc. just like an IC would.

• Statutory Employee vs. Independent contractor - IC or SE
  • My CPA told me it was much better - blackswan
    • Your CPA is right because... - XCMT
  • As an IC you are (or should) be able to - sm
  • IC/ Employee - RPM
    • Mostly right - nm
    • As an SE, all taxes are taken out, but I am wondering if that is reason enough to make a change? sm - ic/se
      • Why would taking taxes out matter?? - nm
        • Yes, it could matter a lot sm - NEMT
      • SE Medicare and SS are taken out, not fed tax. - SEMT
  • ic/se - ic/se
    • True IC status - not dictated like that. sm - HappyCat

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