Learning How to File Taxes with a 1099 and W2 Worker
As a business owner, tax season comes with responsibilities. There are many guidelines to follow each year. The first thing to know is how to file taxes with a 1099 and w2 worker. The instructions for distributing and filing the forms differ for 1099 independent contractors and W2 employees. For your ease, we compiled what […]
Why Your Company Needs Supportive Tax Software for Independent Contractors and Employees
Tax software should support a range of tax forms. Your company might need a 1099 form for an independent contractor, W2 form for an employee, or even payroll maintenance. The key to choosing the best software often comes from a deeper understanding of the tax forms you, as an employer, must provide to workers. The […]
Everything You Should Know About Worker Classification: IRS 1099 vs W-2
As of July 2017, the IRS released a helpful overview and reminder to small businesses about the importance of classifying IRS 1099 vs W-2 workers. This overview provides updates to the employee vs. independent contractor designation, which can be thought of in terms of IRS 1099 vs W-2 designation. Employers are required to engage in […]
Is a W2 the Same as a 1099?
Since employers will likely hire different types of employees, it is important for them to know is a W2 the same as a 1099 to file the correct income forms. Both serve a similar function, but they have key differences. We will cover the difference and explain how a tax software can help you file […]
Is 1099 Better Than W2?
As an employer, you may want to know is 1099 better than W2. You will have to file at least one of the two income tax forms, but it’s more likely you will have to file a combination of the two. Both the 1099 and the W2 have pros and cons. Before answering is 1099 […]
How Payroll System Works with a Software Tool
Knowing how payroll system works is essential for any business to make sure you pay your employees the right amount and on time. Some businesses might have the resources to have a designated payroll employee who manages time cards and payments. However, business owners are sometimes stretched thin and have to handle payroll services. In […]
Why You Need Home Care Payroll Services
The need for home health aides has been growing in the United States long before the pandemic and with that comes the need for home care payroll services. While some home health aides work with an agency to connect with clients, many households hire the aides directly. It is important to know how to establish […]
How to Create W2 for Nanny Household Employees
Filing taxes can feel tricky and overwhelming, especially if you do not know what you need to report. It may be a surprise to learn that nannies are on the list of household employees you must report. Nannies are considered household employees, but what does that mean? Our guide will explain the definition of a […]
The Difference Between Contract 1099 vs W2 Workers
The way that employers hire workers today is a much different process than two years ago. The coronavirus pandemic changed whether you hire contract 1099 vs w2 workers. Therefore, it is important to know the difference between the workers. When you onboard a new person for a project or company, you should know the distinction […]
What to Know About Certified Payroll for 1099 Employees
If you are an everyday person, you are probably not too familiar with certified payroll. However, a certified public accountant (CPA) knows better than anyone why certified payroll is important. If you do personal accounting work for federal contractors, you may want a refresher on the importance of certified payroll for 1099 employees. […]