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01 Oct1099 ‘Subcontractor’ vs. W2 ‘Employee’
As a business owner or investor, you probably hire people on a fairly regular basis either for part-time or seasonal assistance or as full time help, and like many small employers, you want to avoid paying payroll taxes, you don’t want the ‘responsibility’ of an ‘employee’ and you choose to pay on a 1099 basis and then call these workers ‘subcontractors’ – but are they really – or do you simply assume they are ‘subcontractors’ because you don’t pay their taxes? What’s the real difference between a W2-employee and someone paid on a ‘1099’ basis?
Read More ...14 JanInsurance That EVERY Self-Employed Business Owner Needs
Accidents happen unexpectedly – which is why they are not referred to as ‘planned bad things’ – and the financial impact to a business or an individual’s personal income can be devastating and may result in bankruptcy, business liquidation, and other serious issues.
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