FTPhil
Level 3
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I am a sole proprietor financial advisor and tax preparer... I know I know I'm taking away accountants business... That aside, I am trying to determine if there would be any benefit to me using a payroll service to pay myself via W-2 vs just using the 1099 that I get from my Broker Dealer. Basic #'s I earn now via 1099 $200,000, the Tax business brings in $20,000 (Mainly helping my financial clients).

Would there be any benefit to me to use the payroll service for my 1099 income and keep the tax income as business/Schedule C income, and or put all of the income through the payroll service?

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