Reply to Working as an Independent Contractor

Forum Index » Jobs and Careers

Reply to "Working as an Independent Contractor"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]A small company with which I have been working on a part time basis for the past four years wants me to come work with them full time, as an independent contractor.  I am currently employed full time at another company and would have to quit this job in order to take the new job.

I currently make $55,000 plus generous reimbursements, a 401K match, and solid other benefits including carrying my family of three on our PPO health insurance.
I make about $18,00 a year on the side working with this other company as an independent contractor.

They now want to hire me for $78,000 a year.  If things go well, I believe this figure will grow 30% in two years.

I am considering making the move because I believe that there is more growth potential in this new position and there is none in my current position.

My concerns are that as an independent contractor, I will be responsible for paying higher taxes, figuring out health insurance for my family, and no longer benefitting from a 401K or potential unemployment.

Is anyone able to provide a better idea of the tax situation or speak to anything else I should be considering?  Also, should I meet with an employment lawyer to go over the contract?[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics