AboutRichard Fritzler Expertise I am in the business of tax planning for business owners. Our company helps business owners structure so that they can be reduce the taxes that they owe, making them far more profitable.
Experience Since 1986 I have been helping successful business owners reduce taxes, protect assets, and limit their liability. The company is Owelesstax, incorporated at www.owelesstax.com
Organizations National Small Business Owners Association.
Nevada Association of Listed Resident Agents.
Citizens Legal Association
The Business Owners Institute
Publications Contributing author to "The Corporate Standard Newsletter".
I am also a writer for an email newsletter about business
Googlegroups/Successfulbusiness
I am also an Expert in the areas of Tax Law, Retirement Planning, and Estate tax issues.
Question I am currently employed and use the W2, but I want to switch to another company to be a loan processor. It is a small company and as an independement worker I would have to fill out a 1099 form. I imagine my taxes would be higher at the new job. How do I determine if it would be worth it? If you don't know the answer to this, perhaps you can tell me what section of All Experts to use instead.
Answer As a payrolled employee, your employer pays 1/2 of social security and medicare (7.65%) they pay all of workers comp and unemployment.
If you try to claim to be an Independent Contractor, then you will be required to pay 100% of all of these taxes.
Richard Fritzler
www.owelesstax.com
phone 800 590-6612
