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Should You Give It The Gusto? — Gusto Review
Getting paid as a freelancer is great, but paying yourself is even better. Is Gusto the right choice to make that happen?
As a freelance writer who loves technology, I’m on a never-ending quest to find the best tools that support my business. Since there isn’t a perfect all-in-one tool for freelancers, I use multiple services to achieve my goals. Let me be your canary in the coal mine, testing freelance tools to figure out if they’re right for you. Today, I look at Gusto, the all-in-one people platform.
What does Gusto do?
When setting up a freelance business, there are all sorts of legal methods and entity types — Sole Proprietorship, LLC, S-Corp, Corporation. Each of them has different rules and tax implications when paying yourself. Owners of an S-Corp, for example, must receive wages as a W2 employee and not just as a shareholder distribution. These complicated rules and requirements mean certain freelance businesses need a detailed HR team to maintain compliance and elevate the tax burden. Enter Gusto!
Gusto is outsourced HR for your business. It provides full-service payroll for W2 employees and 1099 contractors, manages benefits, files employment taxes, and more. Gusto understands the…
