From ride-sharing apps to the rise of mobile delivery services, many Americans have turned to the gig economy to earn extra money. Currently, 36% of employed individuals are independent workers, and ...
There are two main types of workers when it comes to income taxes — 1099 contractors and W-2 employees. While W-2 employees are considered direct employees of a business, 1099 employees typically ...
Understand the key differences between 1099 contractors and W-2 employees to determine the right employment classification for your business. In the United States, W-2 is the standard employee ...
SAN ANTONIO, Jan. 26, 2023 /PRNewswire/ -- Any business that hired an independent contractor in 2022 has until January 31 to submit Form 1099-NEC, Nonemployee Compensation, to the IRS or face ...
If you run a small business and work with independent contractors, the different tax forms you’re responsible for processing with nonemployee hires might feel like alphabet soup. Two of the most ...