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If a business retains someone to provide services, that person may either be an employee or...

If a business retains someone to provide services, that person may either be an employee or be self-employed (i.e., independent contractor).

a. What are the tax advantages to the business of having the service provider classified as self-employed?

b. What are the advantages and disadvantages to the service provider of self-employed status?

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Answer #1

Solution: (A) Following are the tax advantage to the business of having the service provider classified as self-employed (a)(B) Following are the advantages and disadvantages to the service provider of self employed status : Advantages: (a) Help Getnote: if you have any doubts feel free to comment i am here to help you dont give direct thumbs down. if you are satisfied with the answer hit the like button.

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