Contractor or Employee?
Hello,
I am a full-time employee (industrial mechanic) for a family member and was wondering if it would be possible to quit the job and get hired as a contractor (sole proprietorship) . This way I could have some tax deducts. 1 person has told me it is entirely possible. Another person told me I need more than 1 client to be a real business. Anyone have any tips for me? thanks! Also, I have a website generating money (low income @$1000/year), and am looking at getting an investment property to generate money. If I need more than one client to be a business is there anyway I can group all these together as one company so it is legit (even though they are 3 unrelated things). Thanks again! |
You can get a contract also as a Corporation. This will save you even more taxes. Just talk to an accountant.
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Well,I am studying in my High school's..but I wanna start my career as a contractor ? But i have no idea about this particular profession ...I am studying commerce...so what should I do first and what should be my priority in this profession and and can a under-graduate person can start this profession ?
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Pretty tricky, can you elaborate your post in a clearer way, well it is pretty
confusing hope you don't mind |
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