EP 221: 1099 vs W2 Employees | Pros and Cons
The CW Clinic
Shownotes Transcript
Do you know what the key differences between a 1099 contractor and a W2 employee are?
Or the advantages and disadvantages of each?
There are many major differences between these two types of team members and figuring out which category you fall under is very important for not only tax purposes but legal reasons as well.
The last thing you want is to owe a bunch of money come tax time.
And knowing whether you need to set aside money each pay period is vitally important for you and your family’s well-being.
On the other hand, if you are an employer, you may not know the benefits of hiring a W2 employee vs hiring a 1099 employee.
Depending on which type of team member you decide to hire will greatly impact how much money you will be paying in taxes.
So, if you would like to hear all the pros and cons of hiring a 1099 employee vs hiring a W2 employee be sure to check out this show.
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