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Do you deduct sub c...
 
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Do you deduct sub contractors off your yearly income to get you net income

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(@Anonymous)
Joined: 1 second ago
[#309]

Hi there as propriortor I get write off to get your net income but do you deduct your subs as well as you have paid them out of that total income that is not money you made you paid them.


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Posts: 663
(@dexter)
Joined: 3 months ago

Yes, payments made to subcontractors for worked performed are tax-deductible and reduce your taxable income from the business.


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