Re: Advice for first time "contractor"
- From: Dan_Musicant <man@xxxxxxxxxxx>
- Date: Wed, 28 Sep 2005 21:29:32 GMT
On Wed, 28 Sep 2005 13:33:07 -0700, "Paul Pedersen" <no-reply@xxxxxxxx>
wrote:
:Ordinarily, you're a W-2 employee of the agency, meaning that they take care
:of the taxes and you get an ordinary paycheck. That being the case, they
:should provide the professional insurance.
:
:If you're a 1099 contractor, you handle the taxes and you handle the
:insurance, but the agency should take a much smaller cut. If these guys are
:taking 30-40% like most, they really ought to be buying the insurance, as
:well as pampering you in other ways.
In the past I've always been W2, but this recruiter wants me on 1099. I
don't know what their cut is. I am going to ask and hope they answer me.
I just talked to the recruiter and he wouldn't reveal their cut. He said
that info is "confidential." I don't feel I have the luxury of declining
the position. I am rather sure it must be over 20% or I think he would
have told me, but I am completely new to contracting so what do I know?
I was tempted to ask him if they'd boost my pay rate but didn't say a
word about that. It's not exciting but it's not horrible. It sure beats
what I've got going now. This job has the additional attraction of being
the nearest to my home of any FoxPro job I've had. I will be taking my
bicycle when it isn't raining.
:
:I've used several of these places in the past, and I've actually been pretty
:happy with most of them. Some were pretty flaky, but most were OK.
I don't know where these folks fit in the curve. Their reluctance to
offer me W2 along with certain other glitches makes me think they aren't
the greatest (yes, understatement). I used to work temporaries,
basically unskilled work. Those are really the worst. My experience with
recruiters since I learned to program has been FAR superior to working
temporaries. I really do love the fact that I can post my resume on a
job site and get calls from recruiters. Most of them are absurd - jobs
in Florida, Texas, for languages I know nothing about, but I've gotten
some very good jobs, had some very good learning experiences.
:
:There are also "Employer of record" agencies. With those, they handle the
:taxes and insurance, and have 401k's, and reimburse expenses, and have other
:benefits, but you have to find your own work. They bill the client for you
:and issue you a regular (W-2) paycheck, in return for 4-5% of the gross. I
:use one of those now, and I've been pretty happy with them. If anyone wants
:to know who it is, let me know and I will have them contact you. (I don't
:want to spam the group.) Disclosure: I get a referral fee.
There's a Paul Pederson (slightly different spelling from you) in my
local FoxPro user group. I had to wonder if you are the same guy! He
lives in Alameda, CA.
I hadn't heard of those "Employer of record" agencies. That's an
interesting arrangement. Thanks.
Dan
.
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