If you own a small business and have sought professional assistance in the area of bookkeeping and payroll (if you haven’t…we know some people!), you may very well have encountered the question of whether to pay someone as a regular employee (W-2) or independent contractor (1099). If so, you should have been counseled on the differences […]
It’s the end of the year and almost time to send W2s – have you verified the information yet?
Most likely, your company offers paid holidays as one of its perks. Many of your employees may also schedule time off during this time of year because of the Thanksgiving and Christmas holidays that are right around the corner. For those employees, paid time off (PTO) was likely approved weeks or even months in advance. […]
Remember When? When you started your business you may have had to make a decision…are your employees going to be W2 and 1099? It’s not a small matter, but one with long-lasting impact on how you do your business and whether the IRS comes to visit you on the issue. It can also help protect […]
Last night, President Trump signed the Families First Coronavirus Response Act into legislation. The Act will require certain employers with under 500 employees to provide emergency paid sick leave for their employees. Our team has gone through this new legislation, and our general findings are below. It is important to note that this is not […]
So, you’re looking to hire your first employee? Congrats! This a huge step for any business owner, but it also begs the question, ‘Is my new-hire a W2 employee, or a 1099 independent contractor?’ With many business owners, they have no clue what the difference is between W2 or 1099, which is not at all […]