I'm not sure I agree about losing tax breaks -- with the exception of having to pay the "employers share" of FICA. There was a time over the past 28 years where -- when I wasn't a professor -- I ran a small law practice. I had 1099s -- and simply expensed everyting on a Schedule C. I believe that you can do the same -- without difficulty -- as long as you keep adequate records.
You do not need to have an employer, or headhunter -- unless they are going to underwrite your expenses etc. Lastly, DO NOT consider this as legal advice! I'm not practicing law anymore -- and if I was you would be getting my bill for $300/hr -- regardless of a 1099!! Greg Macaulay Oldest Human Being preparing for the CCIE Lab Lifetime AARP member Retired Attorney/Law Professor > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of > Sam Sneed > Sent: Monday, February 03, 2003 3:08 PM > To: [EMAIL PROTECTED] > Subject: Re: CCIE Self-Employment [7:62367] > > > The 1099 is an easy way to go but you lose out on a lot of tax > breaks. I'm a > 1099 now and am kicking myself in the ass for not setting up as small > business. > I'm working in NYC now. $6 just to take the bridge into NYC from > jersey and > $25 day parking. Never mind 40 minutes each way traffic to > commute 10 miles. > If you're set up as a small business you have more flexiblity in > writing off > expenses like these. > > ""Chuck Church"" wrote in message > [EMAIL PROTECTED]">news:[EMAIL PROTECTED]... > > Yes. Money will depend on your skill level with both Cisco and other > > products as well, such as Unix, NW, MS, etc. It could be > $30/hour, could > be > > $100. Location is probably almost as important. NYC pays pretty well, > but > > it cost's $50 to park a car for 4 hours! The thing about > consulting like > > this is you need be a salesperson at times. Personally, I hate > salespeople, > > and therefore don't make a good one myself. There's also more > > responsibility, as far as finding your own insurance, paying taxes, etc. > If > > you can find a headhunter who will place you as a 1099 employee, that's > > usually pretty good, but I haven't heard from my headhunter in months > > :( I was on an indefinite project for a year, but that ended > when they > > outsourced. Since then it's all been small projects, mostly complicated > > installs involving layer 3 switching. It's a tough market, and > getting a > > name for yourself can be difficult. Personally, I'm looking for a full > time > > position now. > > > > Chuck Church > > CCIE #8776, MCNE, MCSE > > > > > > ----- Original Message ----- > > From: "Jay Greenberg" > > To: ; > > Sent: Monday, February 03, 2003 12:14 PM > > Subject: CCIE Self-Employment > > > > > > > Any CCIEs on the list in business for themselves? What's the money > > > like, what sort of companies do you work for? Do you do short-term or > > > long term contracts? Hourly work? > > > > > > Thanks, > > > > > > -- > > > Jason Greenberg, CCIE #11021 > > > > > > . Message Posted at: http://www.groupstudy.com/form/read.php?f=7&i=62444&t=62367 -------------------------------------------------- FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
