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Which you should be if you are in the US. A freelance should be a S-Corp and pay themselves a "reasonable" salary. To not do so you are throwing a huge chunk of money away on employer FICA. Basically you are pissing away 8% of you income if you are not a S-Corp and that is just in taxes. When you factor in the tax deductions a corp can take the savings are astounding.

Someone up stream mentioned that a freelancer should hire a secretary and stop doing the office work for $100 hr. My though is the first thing a freelancer should do is outsource accounting to a CPA. These people pay for themselves, second should be legal counsel, at least a paralegal after that a secretary would be a good third.



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