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to taxes, independent contractors have little to look forward to, a few advantages of 1099 tax setup are that they can put more money away in tax deferred accounts like SEP IRA, and have the possibility of deducting certain business-related expenses on taxes. Employer Considerations By hiring independent contractors instead of putting employees on payroll, business owners can reap the benefits of no income tax withholdings, samantha in korean
employment taxes, no liability for acts of employees, spesifikasi sony xperia c3 dual federal and state discrimination laws covering only employees and no obligation to offer benefits. However, while this may all sound too good to be true to employers, there are some practical disadvantages of hiring 1099 workers.