Can I File a 1099 Form for Payments Made to an Independent Consultant?

Yes, you can file a 1099 form for payments that you make to your independent consultants. The slightly different title does not prevent employers from using the form. The main difference with a contractor and consultant is that an “independent contractor” is a legal umbrella term. Whereas, an independent consultant is a non-legal classification for […]

Can I File a 1099 Form for Payments Made to a Vendor?

Simply put, sometimes. The Internal Revenue Service does not require businesses to report all payments that you make to an independent contractor with a 1099. Make sure you know when to report your payments using the form to avoid any unnecessary complications for the business and your hired contractors. Use a Form 1099-MISC or Form […]

Can I File a 1099 Form for Payments Made to a Marketing Agency?

Yes, you oftentimes should file a 1099 form for payments that you make to a marketing agency. There are times when the Internal Revenue Service will not object to you not issuing the Form 1099-MISC or Form 1099-NEC. Complete a Form 1099-NEC for marketing contractors that provided you with services during a tax year that […]

Can I File a 1099 Form for Payments Made to a Gig Worker?

Yes, you can file a 1099 form for payments you make to a gig worker. Understand the correct 1099 form to use for the reporting season and type of worker. An important 1099 form to know about is called Form 1099-K. Use the form starting in January of 2024 for the gig workers that you […]

Can I File a 1099 Form for Payments Made to an S-Corporation?

No, you should not file a 1099 form for payments made to an S-Corporation. You typically do not send a 1099 form to an S-Corporation or C-Corporation, because the Internal Revenue Service regards corporations as separate legal entities. Employers only issue 1099 forms to report some types of income. The reported income should be what […]

Can I Use Software to Generate W-2 Forms?

Yes, you can and should use software to generate W-2 forms for the Internal Revenue Service and for your employees. Using software to generate these and other tax forms helps minimize a risk of errors. Preventing these errors reduces the fines or penalties your company encounters if you make a mistake during the next tax […]

Can Payroll Software Handle Healthcare Benefits and Retirement Contributions?

Yes, payroll software can and ideally should handle deductions, such as healthcare benefits and retirement contributions. Look for a program with the capability to keep records of employee and employer contributions. Payroll integration should make it easy to automate the administrative process of retirement contributions. Monitoring a business’s compliance will enable you to offer your […]

Can Payroll Software Handle Multiple Locations or Branches?

Yes, comprehensive payroll software can handle multiple business locations or branches. Look for software that processes “live” or after-the-fact payroll. Payroll software should also include a simple payer and employee setup process. Managing payroll for multiple branches or locations can feel overwhelming at times. The business and your daily responsibilities will become easier the more […]

Can Payroll Software Generate Pay Stubs for Employees?

Yes, any reliable payroll software can generate pay stubs for your employees. Avoid the tedious process of creating pay stubs by hand. Keep track of your employee wage payments, withheld taxes, and deductions for the pay periods. Payroll software for pay stub generation also reduces the risk of you making errors with your business’s financial […]

Can I Use Software to Generate 1099 Forms?

Yes, you can use software to generate 1099 forms. Filling out 1099 forms by hand is an arduous process that can result in many avoidable errors. A complete database system that generates a variety of 1099 and W-2 forms reduces major input mistakes. Generating your business’s 1099 forms will save you time and money. You […]