posted 19 years ago
I'm looking at an offer that gives me a choice between going W2 (employee of placement agency) or 1099 (contractor through consultanting agency).
The 1099 route would pay about 23% more than the W2 route. As a 1099 contractor, I think I'll have to pay my own taxes, including Social Security tax, and that I'll have more opportunities for business expense write offs.
I don't have an accountant, yet (because I don't have the income, yet). I understand that most visitors here are probably not accountants, but you probably have some related experiences that I'd enjoy reading.
Any thoughts on which route to take?