video1.0<iframe src="https://www.loom.com/embed/4f92f35a888b4e03919df84b180b55d7" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/4f92f35a888b4e03919df84b180b55d7-13908173417cbc4f.gif78.533This Loom discusses how to advise clients on whether to take a 1099 opportunity or stay W2. It notes that some people are forced into 1099 or W2 arrangements, and that many clients do not fully understand the trade-offs accountants see. The discussion highlights differences in self employment tax, retirement contribution and limits, job benefits, bonuses, health insurance, and deductions. It also introduces Tenkey’s W2 versus 1099 comparison tool to help advisors model the numbers live with visual charts for more impactful decision making.