W2 vs 1099 Independent Contractor as an Associate Dentist
Prior to 2018, my recommendation was to be paid as W2 employee because you would not be responsible for up to 7.65% in Social Security and Medicare taxes (that responsibility would be on the employer). Because of the 2018 Tax Cut and Jobs Act, my position now is 1099 independent contractor assuming few to no W2 employer sponsored benefits (i.e., health insurance, retirement plan). Here’s several reasons why: The 2018 Tax Cut and Jobs Acts no longer allows W2 employees to cl