Aug 23, 2017 · 1 min read
This does not include the tax factor. Contractor can
- Expense on auto leasing, gas etc.
- Expense utilities such as cell phone, internet plan, partial home bills such as mortgage interest, electricity, water etc.
- Your cool stuff like phone, computer, and experimental hardware can be your business expense
- Education, learning portal, subscriptions can all be part of business expense
- If your wife does bookkeeping/accounting/scheduling appointment, then you can pay her to lower your tax barrier through dividend or salary (e.g. $???)
You may save at least over 10% — 30% over permanent salary.