Anyway, long story hopefully shorter, the client (one of the owners) comes down the hall about an hour later and says they do indeed want to either hire me on full time or go to a direct contract (basically, cut out the recruiter). He told me they'd rather pay me the money directly and have me get all of what they pay the recruiter now. This means a roughly $10-$15/hr pay bump (because I won't be a dick and ask for all of the difference...I'm just like that).
So here is my pleasant dilemma: come New Year's we're going to sit down and I need to decide whether I'd rather be a FT employee with benefits but making less take home OR being a direct 1099 without benes (I'd need to pay for them myself) but making bigger bank. The wife has a part time job that we've been getting mediocre medical coverage through but that ends in March so my 1099 option would require me to buy my own health coverage and such. I've looked at medical/dental policies online and I can expect to pay around $400-$500/mo for the family. Naturally, the pay increase itself takes care of that. Taxes are a different matter though. As of right now, I look to owe the IRS somewhat over $10K in income and self-employment taxes. I do have my own corp that I'll be able to write off a fair amount of stuff against so it may not turn out to be that bad.
I'm asking for insights into the things to consider for such a decision. I very much like working for these folks and they very much want to have me there. It's a great match and I'd like to be there. TBH, I don't have a solid idea of what their FT offer would be so I can't really discuss hard numbers. I do recall a number was mentioned when I started back in May but if they bump the 1099 pay up the difference between that FT salary number and the 1099 revenue would be around $30K year. It SEEMS like I'd do better financially staying on as 1099 and the owner and I briefly discussed it and he said he's good either way.
So...anyone have any good idea what it costs to provide yourself with your own benes these days?
This post has been edited by Craig328: 23 December 2010 - 11:45 AM