/biz/ - Business & Finance

>>56106293
>Georgia = 1% on gross income

- "If in fact, you do not qualify, then in the event of an audit, you will be liable for having obtained the status fraudulently and the upshot will be retroactive 20% tax + penalties going back 3 years."

- "Georgia’s Tax Code provides the tax authorities with a powerful weapon: Article 73.9.b allows them to retroactively reclassify any transaction if the form of the transaction doesn’t correspond to its substance."

- "Even if you figured out you are genuinely a contractor, not an employee, you’re not fully in the clear just yet. The Revenue Service has another ace up its sleeve to slip you back to paying 20%… Consultants do not qualify. "

- "To make matters worse, the law doesn’t specify what kinds of consulting this applies to, meaning it applies to any and all consulting activities, or activities that could even be reasonably viewed as consulting.

- "A very important consideration here is that calling your activities something other than consulting, while the true nature of them is consulting, doesn’t make a difference. In such cases, the RS will be quick to refer to the same “substance-over-form” law discussed above and reclassify your “internet marketing service contract” as a consulting agreement in a heartbeat."

Cool, so you can be retroactively considered as a "consultant" (All freelancers can obviously very easily be considered as such).
So, after a parasite known as "accountant" will give me his educated guess,
Government bots will still knock at my door after 8-12 months, and magically retro-actively consider me a consultant (as they are incentivized to do so),
and therefore charge me 20% taxes + a little surprise.

Obvious scam.

>>55253574
>mfw i'm buying