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Build Your Legacy: Insurance Edition - Episode #8: Taxing Choices: 1099 vs. W-2 Decoding Employment Status

Episode #8: Taxing Choices: 1099 vs. W-2 Decoding Employment Status

09/21/24 • 18 min

Build Your Legacy: Insurance Edition

In this episode, Bill and Stefani Butschle discuss what it means to be a 1099 employee and a W-2 employee, and the differences between the two. Listen as they talk through and "decode" the IRS expectations for employers regarding each type of employee, as well as what penalties are involved if employees are misclassified.
Looking to build your own insurance agency, but you're not sure where to start? This is the podcast for you! Have your own insurance agency, but you want to grow bigger and build your legacy? Stick around, as our hosts give you tips and tricks to make that happen!

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In this episode, Bill and Stefani Butschle discuss what it means to be a 1099 employee and a W-2 employee, and the differences between the two. Listen as they talk through and "decode" the IRS expectations for employers regarding each type of employee, as well as what penalties are involved if employees are misclassified.
Looking to build your own insurance agency, but you're not sure where to start? This is the podcast for you! Have your own insurance agency, but you want to grow bigger and build your legacy? Stick around, as our hosts give you tips and tricks to make that happen!

Previous Episode

undefined - Episode #7: Independent or Captive? The Breakdown

Episode #7: Independent or Captive? The Breakdown

In this episode, Bill and Travis discuss the major differences between independent and captive agencies. Take a listen as they talk about location, technology and commission differences!
Looking to build your own insurance agency, but you're not sure where to start? This is the podcast for you! Have your own insurance agency, but you want to grow bigger and build your legacy? Stick around, as our hosts give you tips and tricks to make that happen!

Next Episode

undefined - Episode #9: The Big Question: Why Doesn't Everyone Do What We Do?

Episode #9: The Big Question: Why Doesn't Everyone Do What We Do?

In this episode, Bill and Travis tackle one of the most frequently asked questions: "If it’s so great, why doesn’t everyone do it?" They break down the barriers, from costs to ROI, offering clear and valid reasons behind their approach. Tune in as they explore the challenges and give insight into why their strategy hasn’t gained widespread traction—yet.
Thinking about starting your own insurance agency but unsure where to begin? This podcast is for you! Already own an agency but want to grow and build a strong legacy? Stay tuned as our hosts share valuable tips and strategies to help you achieve your goals!

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