LLC: W-2 or 1099?
An LLC is a limited liability company, but how does it file? LLC: W-2 or 1099? In order to answer that question, we will break down what an LLC is, how an LLC is different from other business structures, and how an LLC is taxed. What is an LLC? An LLC is a […]
Deciding Between Contractor 1099 vs W2
If you’re the owner of a new or small business, you might be weighing the costs and benefits of hiring a contractor 1099 vs W2 employees. Knowing the difference between the two workers is important in deciding which type of employee best suits your business. We have put together this guide to distinguish between a […]
When to File A Nanny 1099 or W2 Form
First time parents have a lot of questions, including whether they should file nanny 1099 or w2 forms. The confusion is understandable. However, knowing which form to use is important. The Internal Revenue Service classifies nannies as household employees. Therefore, families must report them by using a Form W2. We will explain why you must […]
The Best Software Qualities for Payroll 1099 Workers
Employers and business owners may find themselves at a crossroads when selecting payroll 1099 software. It may also feel complicated if your company primarily hires independent 1099 contractors. Employers need to know which software to use when they pay their 1099 workers. Our payroll software at Advanced Micro Solutions fits many needs for the employers […]
Is it legal to email W-2 to Employees?
Is it legal to email W-2 forms? The short answer: no. The IRS does not reference email as a secure and legal way to distribute tax and wage forms. These forms, typically W-2 or 1099, can be delivered electronically via a payment portal, or mailed as hard copies to the employee. Let’s break down what […]
The Difference Between Independent Contractor 1099 vs W2
As an employer or business owner, it is important to know the distinction between employees and independent contractors. When hiring an independent contractor 1099 vs w2, there are a number of guidelines to follow. You will especially notice the differences during tax filing season. So, you should familiarize yourself with certain workplace scenarios. Knowing these […]
How to Switch From 1099 to W2 Employee
All business owners need to consider the type of workers they hire at some point. Sometimes it is even relevant to return to that question: Should I hire a contractor or an employee? There are significant differences in independent contractors versus full-time employees. You may now be wondering how to switch from 1099 to w2 […]
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 […]