IRS Due Dates for W2 and 1099
Did you know that you need to send a 1099 to your independent contractors by year end? An independent contractor who earns over $600 in the calendar year is due one. Now, however, this requirement comes with tight deadlines and costly penalties. Due dates for W2 and 1099 By January 31 each year, you will need to […]
Avoid these 1099 mistakes before year end
January of every new year comes with 1099 mistakes which many small business owners forget about. As our customer, we don’t want you to be caught off-guard. What To Know About W2s and 1099s? You must send your W2s and 1099s to any non-employee or independent contractor that earns more than $600 in any calendar year. By […]
Are you sure you have an independent contractor by IRS standards?
An independent contractor is a small business owner’s favorite friend. They are source of temporary employment that can carry you through a busy season. By using an independent contractor, you can avoid the hassle of paperwork that comes with hiring. Also, a contractor can save you thousands of dollars in federal employment taxes without the necessary […]
VCSP to the rescue for your misclassified workers
Let’s assume your business is growing. Over the two years, you hired a few extra people to sustain you during the busy seasons. However, the busy seasons never really ended and those few extra people have become a necessary part of your business operation. When you hired them thinking it would be a temporary solution, […]