Working as an independent contractor in Concord, NC, means you're classified as a sole proprietorship by the IRS and are considered to be a small business based in North Carolina. You're getting paid to do work without getting taxes taken out of your check along with enjoying the freedom that comes with working your own hours. But that income you earn is reported to the IRS and is something you have to pay taxes on at a higher rate than you would pay as a W-2 employee. That means you can wind up with a nasty tax bill by the time April 15th comes around Continue reading
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