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As a small business owner, it is essential that you correctly classify your employees as either employees or independent contractors. Classifying employees is crucial to payroll because employees will receive different benefits and taxes depending on their classification. Before you… Read More
Posts Tagged ‘independent contractors’
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Getting Familiar With Form 1099-MISC
If you hired an independent contractor for your business in 2019, you will have to understand and complete an IRS Form 1099-MISC for each independent contractor while preparing your taxes. However, if this is your first time working with independent… Read More
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Understanding the Independent Contractor Classification
As a small business owner, at some point, you may need to hire an independent contractor. But what classifies a worker as an independent contractor, and what does that label mean for you? Read on to learn the essential information… Read More
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The Difference Between an Independent Contractor and an Employee
Business owners may find it difficult to tell the difference between an independent contractor and an employee. Contrary to popular belief, the variations are actually quite significant; the IRS determines the guidelines, and following them is an important part… Read More