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Reply to "Switch to 1099 from w-2"
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[quote=Anonymous]I have been at my current job for 3 1/2 years. I am paid as a full time employee with a W2, even though I work mainly from home and not a full 40 hr week. I get benefits through my husband. With the current state of the economy, I know the company is having some financial issues and I fear that the owners might try and cut my salary, in which case I will work less hours and maybe take on a freelance job to supplement. I'm wondering if this is the case, it might make more sense for me to just switch to a 1099? I know I will have to put aside money for taxes but I'm wondering if there is any benefit? We recently bought a house so I'm not worried about being a 1099 when applying for a mortgage and the implications that might have in the process. [/quote]
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