MANAGING THE 1099 AND W-9 PROCESS
There are over 32 Million Self-Employed individuals in the US which presents a huge need for proper 1099 management among payroll service bureaus across the country.
There are over 32 Million Self-Employed individuals in the US which presents a huge need for proper 1099 management among payroll service bureaus across the country. As a business owner, you may hire both W-2 employees and 1099 independent contractors. If you are like many owners, you don’t always know how to classify workers- and this can lead to compliance issues. Classifying workers appropriately is critical because employees and contractors differ greatly in terms of taxes paid, withholding requirements, workers compensation, benefits, payroll tax filings, and more.
MANAGING THE 1099 AND W-9 PROCESS
EMPLOYEE OR INDEPENDENT CONTRACTOR?
There are over 32 Million Self-Employed individuals in the US which presents a huge need for proper 1099 management among payroll service bureaus across the country.
As a business owner, you may hire both W-2 employees and 1099 independent contractors. If you are like many owners, you don’t always know how to classify workers- and this can lead to compliance issues. Classifying workers appropriately is critical because employees and contractors differ greatly in terms of taxes paid, withholding requirements, workers compensation, benefits, payroll tax filings, and more.
