Hello!
I am considering performing either contract or part-time employment with an employer in a different state (KY). I currently work full-time, remotely, in FL.
I believe because my residence is in FL that contracting will be my only option (due to employer rules on hiring out of state).
To contract, I believe I’d have to be a sole proprietor (I think) and submit a bid, etc.
I don’t need to do this financially - and am going to move to KY in the next year (making part time employment possible instead of contracting). In other words, I could just… wait or not do this at all. My main goal here is just to make some extra money - but if taxes or something was going to make me miserable then I can just not do this.
Questions:
- What effect would contracting in a different state have on my taxes?
- Should I just wait til I move to KY and try to go the part-time employment option instead of dealing with the sole proprietorship?
- Any other advice / thoughts you have?
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