subject: Advantages of Independent Contractor status [print this page] Advantages of Independent Contractor status
The dream of being an employee for a private/public company for 30 years then retiring with a pension for life with health benefits has been under attack and will continue to be from market forces that are in the news all the time described with terms such as "downsizing", "outsourcing", "six sigma lean manufacturing", "globalization". Wall Street's pressure for per share performance and growth coupled with truly amazing technological "people/employee replacement" solutions fuels the efficiency fires and the "30 year employee" has become the smoke from that fire!
The 1099 tax form you get from any legitimate corporation that reports the money you earned from them as an Independent Contractor is the key for you to know that the corporation is doing business legally and this in fact protects you. You now have a means to legally offset that income with your related expenses and the excess will be taxed. When was the last time you were able to write off some of your car expenses going back and forth to work as an employee? Or the cell phone you have? How about the computer and internet connection expenses? The tax codes actually treat you more favorably when you are self employed. Please do your research and if necessary talk to a tax professional to get all the details.
Don't get me wrong, on the whole I truly believe that corporations do the right things because they are made up of PEOPLE who ARE trying to do the right thing. I came across a corporation, One24, made up of people doing the right thing, offering a way for people to take advantage of the benefits of self employment/independent contractor status such as expense write offs for taxes, a greater retirement funding tax allowances, (KEOGH vs 401K) and a flexible work schedule to accommodate life's commitments.
One24 is a corporation that provides all the tools for each and every Independent Contractor to generate a monthly income legally and take advantage of being self employed. The compensation plan is designed to grow your monthly income, as well as EVERYONE that joins, in the SAME WAY. Each independent contractor gets the SAME website and back office tools. This is called a "replicated" website with your name associated with it. Mine is http://www.michaelmead.124online.com and when you go there you will have the opportunity to watch the videos describing the self employment opportunity. If you decide you like what you see and want to become a part of One24, click on Put Me On the Waiting List and I will contact you soon. Obviously, when you Google for information about One24, you will see thousands of links. This is both good and bad in the sense that you will see the GROWTH of One24 which is good for creating awareness. It is bad for me if you don't join from MY waiting list. However, I hope that the insights I have given you in this article will convince you that I am a genuine PERSON doing the right thing!
