An independent contractor is someone who works for a business or company but is not an employee. The IRS uses three categories of evidence to determine if someone is an independent contractor or ...
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Independent Contractor Taxes: How to File and Pay
An employer is required to withhold income, Social Security and Medicare tax from their employee’s pay. They also pay half of the employee’s Social Security and Medicare taxes. At the end of the year, ...
As an independent contractor, you have a lot of flexibility to determine when, where and how you work. On the other hand, there’s not as much wiggle room when it comes to paying your taxes, which lots ...
Last spring the Offices of Human Resources, and Procurement and Payment Services, embarked on an initiative to improve the appropriate classification of workers as either contractors or employees. On ...
You may have wondered where New York’s so-called Freelance Isn’t Free Law went after it was enacted into law in November 2023. Well, it was repealed before it ...
Mercury reports on 1099 filing misconceptions for small businesses, clarifying eligibility, requirements, and penalties to ...
As a reminder to companies with independent contractors performing work in Seattle, the city's Independent Contractor Protections Ordinance, SMC 14.34, which expands protections for independent ...
If You Don’t Get Form 1099, Is It Taxable, Will IRS Know? (Hint: ‘If A Tree Falls In The Forest...’)
As the holidays draw near, what do you think about, sugarplums, hot toddies, Eggnog? A visit to the tree lot, gifts, visits from relatives? Nope, you start fretting about those little IRS Forms 1099.
Independent contractors have more tax leg work to do than salaried workers who receive pay from just one source. It is paramount you keep accurate records of your pay and expenses so you don’t run ...
Employees have it relatively easy when it comes to paying taxes. Their employer withholds taxes from each paycheck and sends the money to the federal (and sometimes state) government. Employees pay ...
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