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This may be the wrong thread but I need some advice. I've been working as a 1099 contractor for about a year and 3 months for a small business. I'm very happy there as of this point in time. I've received regular raises every 3-6 months. And I feel I have very decent benefits such as: -Only working 7 and a half hours each day and getting paid for 8. -Being able to take a day off and almost always get paid for it (usually 1 every 2 months - often a bit more let's say 8 Days a year) -Having 8 paid holidays and 1 week of paid vacation My boss is very kind and asked if I wanted to continue working as a 1099 or switch to a W2. I had previously decided not to switch to a W2 last year. Doing so will involve some limits most likely on some of these benefits as switching to W2 will involve clocking in and out and being paid hourly more so than weekly I presume. I may lost those 8 extra days off a year. Of course, my take-home pay will be lower - but my taxes will also be significantly lower. But additionally clocking in and out could decrease my income if I do not work my full 40 hours which could happen. It will also take a month to receive for my first check upon switching which is a lot of time to wait. I'm trying to figure out whether or not it's really worth continuing or switching.
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Jan 9, 2018 00:24
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| # ¿ May 16, 2024 10:18 |
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