1099 vs W-2: which should you hire? Get the verdict first, then a fair, fast breakdown of taxes, cost, control, and benefits.
Classifying a worker as a 1099 contractor or a W-2 employee is one of the biggest calls a small business makes. This 2-minute guide compares 1099 vs W-2 on the dimensions that matter: tax withholding and the 15.3% self-employment tax, cost to your business, control and autonomy, benefits, and who each option is right for, plus the misclassification risks.
0:00 - Introduction to worker classification
0:16 - Bottom line summary
0:40 - Financial differences
1:19 - Control and trade-offs
1:56 - How to choose
2:23 - Risks and solution
Read the full guide:
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See how QuickBooks Payroll runs 1099 and W-2 workers in one place:
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This video is general information, not legal or tax advice.
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