Paying a contractor to perform work for your business comes with a little disclaimer: reporting said payments on Form 1099-NEC. But what if you pay your contractor using a credit card? Do you have to prepare a 1099 for credit card payments?
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Independent Contractors - Tips, Training, and News
How to Convert a Worker from Contractor to Employee
At some point, you might need to convert an independent contractor to an employee.
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Do Your Homework When Hiring a 1099 Subcontractor
As a small business owner, you might have considered hiring a 1099 subcontractor. In some ways, a subcontractor can give you more flexibility than an employee. Subcontractors are responsible for their own permits and payroll taxes.
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What Is Nonemployee Compensation?
As a small business owner, you might hire independent contractors to address business-related needs. When you pay an independent contractor, they receive nonemployee compensation. What is nonemployee compensation?
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7 Tips for Working With Independent Contractors
According to a recent study, one out of every 10 workers is an independent contractor. With so many contractors making up the workforce, you’re bound to work with or hire one at some point. Hiring contractors can be beneficial to your business. But if you’re going to be working with independent contractors, you need to […]
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What Is an Independent Contractor?
As a business owner, you might need to hire a worker at some point or another. And depending on your type of business, you might need to hire employees, independent contractors, or both to get the job done.
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What Is an ITIN?
For identification and tax reporting purposes, both employers and workers need Taxpayer Identification Numbers (TINs). These numbers let the IRS identify you when you fulfill your reporting and filing requirements. One Taxpayer Identification Number you should know about is the ITIN. What is an ITIN?
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What Is Form SS-8?
As a business owner, you might hire workers to help streamline your business processes. When you bring someone on board, one of your responsibilities is to decide whether they are an independent contractor or employee. If you have trouble with this determination, you can file Form SS-8. What is Form SS-8?
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What California AB 5 Means for the Gig Economy and Beyond
In 2018, California came up with the ABC test to determine whether an employer could classify a worker as an independent contractor. And in September 2019, the court approved the new California AB 5 (Assembly Bill No. 5) to push the ABC test’s effects into motion.
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Build It and They Will Come: Hiring a Contractor
As a small business owner, it’s your responsibility to know who’s the best person to hire for a job. Sometimes that means adding an employee to your roster. Other times, it means hiring a contractor. Hiring a contractor can help fill temporary or project-oriented positions. Read on to get the scoop on hiring independent contractors […]
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