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1099 vs W-2: The difference between employees and contractors

Business Management Daily

Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. A 1099 is a form used to report non- employee compensation.

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W-2 Employee vs. 1099 Contractor: Which Is Better for Your Small Business?

Patriot Software

Should you hire a W-2 employee or a 1099 contractor? There are key differences between a W-2 employee vs. a 1099 contractor that you must understand to stay legally compliant. Learn more about W-2 employees and 1099 contractors, the difference between […] Read More

Payroll 82
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Independent Contractors Vs Employees: Knowing the Difference Makes All the Difference

Asure Software

Deciding whether a worker is an independent contractor or an employee can be tricky, but knowing the difference can greatly affect proper tax compliance—but it’s not as simple as you might think. The post Independent Contractors Vs Employees: Knowing the Difference Makes All the Difference appeared first on Asure Software.

Taxes 40
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Independent Contractors Vs Employees: Knowing the Difference Makes All the Difference

Asure Software

Deciding whether a worker is an independent contractor or an employee can be tricky, but knowing the difference can greatly affect proper tax compliance—but it’s not as simple as you might think. The post Independent Contractors Vs Employees: Knowing the Difference Makes All the Difference appeared first on Asure Software.

Taxes 40
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Contractor Overtime: Overtime Rules for Remote Contractors

HR Lineup

With technological advancements enabling seamless communication and collaboration from virtually anywhere, remote contractors have become a vital part of many businesses’ operations. However, amidst the flexibility and convenience of remote work, questions often arise regarding overtime rules and regulations for these contractors.

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Form W-9 vs. W-4: What Are the Right Forms for Employees and Contractors?

Patriot Software

You must withhold the right amount of taxes on employee wages when paying employees. But what if you need to pay an independent contractor? To keep tax information straight between independent contractors and employees, you need to know the difference between Form W-9 vs. W-4. Read on for the scoop.

Taxes 69
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Running Contractor Payroll the Right Way

Patriot Software

Taking on an independent contractor is different than hiring an employee. There are differences in the forms you must gather, wage reporting, and how you pay contractors vs. employees. So, how do you run contractor payroll if it’s different from paying employees?

Payroll 75