S5E9: New England Fog | Best State to Start a Business | Contractor or Employee, what makes sense?

Disclaimer: The information in this video does not constitute Financial Advice. Consult with a Financial Advisor before making any decisions regarding your finances.This week, Pam and Francis dive into a hot topic: the real difference between being a 1099 contractor and a W-2 employee. They break down how each status affects your paycheck and taxes, plus what you need to know about the self-employment tax for contractors. They also tackle the question: if you're earning around $250K, when might it make sense to switch from contractor to employee?In our beer segment, they’re cracking open a New England Fog IPA from Aristaeus Brewery. Pam and Francis share their thoughts on the flavors and chat about how IPAs have evolved over the years.Plus, Pam highlights a recent article on the "Best States for Small Business," giving a shout-out to Florida and Texas—two standout states for entrepreneurs. 📰 On this week's What's News:https://smallbiztrends.com/lendio-best-place-to-start-a-small-business-2024/Today's Brew🍺: New England Fog, Aristaeus BreweryCheck out Aristaeus Brewery: https://www.aristaeusbrewing.com/🍻 The P.B.K.P.I (Pam's Beer KPI) Scale, for reference ⚖️: 1. I'm NOT touching it2. It's sippable...3. I'd drink it again if you gave it to me4. I'll order it from the menu5. I'll scour the ends of the earth to find itAbout the Brewery: Aristaeus Craft Brewing Co. is an open-concept nano-brewery in Langhorne, PA. Their taproom features indoor and outdoor seating with 12 taps that serve a variety of true-to-style beers and hand-crafted nitro cold brew coffees, as well as wine, hard seltzers, and specialty cocktails.Send us Fan MailSupport the showStay up to date with all of our Cash Flow updates by joining my mailing list: https://go.pamprior.com/stayconnected✅ Subscribe to the Cashflow Podcast with Pam Prior:🎙️ Podcast Page📺 Youtube🎧 Spotify 🍎 Apple Podcast Learn more about Pam at:  https://www.PamPrior.comWant a Free Business Blueprint Call with Pam? Click Here: https://pamprior.me/business-blueprint-call✨Follow Pam:FacebookTwitterInstagramTikTokProduced by Francis Plata & Forward Press Media: www.forwardpressmedia.com