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Tax season is a daunting time for many, but for independent contractors, it can be particularly challenging. Unlike traditional employees who have taxes withheld from their paychecks, independent contractors are responsible for handling their own taxes. This autonomy comes with… Read More
Posts Tagged ‘independent contractors’
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What is a W-9 Form & How Do You File One?
It’s tax season, which means that you’re probably elbow-deep in thinking about all of the different terms, forms, and miscellaneous paperwork that goes along with it. It is often a hard time of year for many people since there is… Read More
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A Primer on Independent Contractors for Business Owners
Finding the right employees for your business is critical, and sometimes it means being flexible. This flexibility can include things like taking on part-time employees or even working with independent contractors. What should business owners know about independent contractors, and… Read More
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What’s the Difference Between an Independent Contractor and an Employee?
These days, it seems that you can’t go two minutes on a job board without finding a posting that’s searching for a contractor instead of an employee (and not the type that remodels your kitchen). Independent contractors, also sometimes called… Read More
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What to Know About Classifying Employees for Payroll
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
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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