I have been offered a position paying 100/hr + expenses and been given the option of being a W2 or 1099 employee. If I choose 1099 they will charge a 2.25% service fee on each invoice.
All other things are equal: No healthcare, No 401k, ect…
Which is better?
The safe bet is to go with the W-2 employment profile. File your taxes as soon as you get your tax withholding paperwork from your employer, and you probably just avoided a big dollar headache. Make sure you claim all of your deductions on your W-4, and you just might get a refund.
I think as 1099, you are considered an independent contractor. As a W-2, you are an employee and covered under their company worker’s comp and business liability.
In other words…1099
“I am constantly amazed at the stupidity of the general public.”
~my dad
Equipment:
2007 Grady White 222 Fisherman / 250 Yamaha
Simrad NSS evo2 and G4
1- 22 boy that won’t move out)
1 - 18 year old (fishing maniac)
1 - wife (The Warden)
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