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Independent IT consultants can save meaningfully with the right entity, expenses and retirement plan, but consulting income has its own limits and multi-state rules. We set up the structure and keep it compliant.
Serving United States, Virginia, Washington, DC, Maryland.
What we handle
Working as a W-2 employee of a staffing firm, a 1099 independent contractor or through your own company on corp-to-corp terms changes who pays payroll taxes, what you can deduct and what paperwork clients require. Consultants with work-authorization visas also need to confirm that self-employment or owning a company fits their immigration status before switching.
Consulting is a specified service business, so the section 199A deduction phases out at higher incomes. An S corporation can reduce self-employment tax on profits above a reasonable salary, and a solo 401(k) or defined benefit plan can shelter more. Projects in several states can create filing obligations in each.
Speak with an advisorWhere we help
Consulting is a specified service, limiting the QBI deduction at higher incomes.
Self-employment tax applies to net earnings of sole proprietors and LLC members.
Home office deductions require regular and exclusive business use.
See our multi-state compliance page for firms that employ consultants.
Our approach
A senior advisor reviews your facts and documents.
Scope, fees and timeline in an engagement letter.
Returns, elections and forms prepared and reviewed.
IRS contact and planning all year.
Questions
If your question isn't here, call (703) 880-8412 and you'll reach a person.
It can be if your rate is enough higher to cover payroll taxes, benefits and admin costs. We compare them side by side.
Often once profit comfortably exceeds a reasonable salary for your role. The election adds payroll and filing costs, so we model it first.
Yes, if a space is used regularly and exclusively for the business. S corporation owners usually use an accountable plan reimbursement.
Usually yes, as a nonresident, and your home state generally gives a credit for that tax.
Latest updates
Authorized representatives can now make balance-due, amended return, extension, proposed assessment and federal tax deposit payments for business clients online. Appropriate authorization for the client and tax matter is required.
Source: IRS (IR-2026-134)
For 2027 the joint-return standard deduction rises to $33,200, the estate tax basic exclusion to $15,480,000, the annual gift exclusion to $20,000 and the Section 179 expensing limit to $2,640,000. Our advisors recommend revisiting year-end gifting and equipment purchase plans with these figures in mind.
Source: IRS (IR-2026-133)
All 6,576 nominated census tracts, including 2,594 rural tracts eligible for enhanced benefits, become Opportunity Zones on January 1, 2027 for ten years. Investors with capital gains should review the new map before committing funds.
Source: IRS (IR-2026-132)
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