Your Guide To Year-End Payroll Tax Deadlines

preparing for year-end payroll tax deadlines

Now that you have gone through the year with employees who have filled out a Form W-4 and Form I-9 and/or a subcontractor who has filled out a Form W-9, it is time to put those forms to work. If you have employees, you have the information you need from the W-4 and I-9 which […]

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What is a 1099, and When do I Need One?

what is a 1099

1099 Your Subcontractors When hiring a subcontractor to do a job for you, you will need to issue them a 1099 for all services over $600. Some people hire a construction contractor, plumber, landscaper, and electricians. All of these professionals should be issued a 1099-Misc for services completed and paid. Each new contractor must fill out […]

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Do I Need A W-4 or W-9?

Business Wisdom Do I need a W-4 or W-9

Sometimes it can be difficult to know what forms are needed when hiring a new person for your business. You must use either one of two forms, a W-4 or a W-9, depending on whether you are hiring a new employee or an independent contractor. If you are hiring a new employee, you must have […]

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Form W-9 – Request for Taxpayer Identification Number

What is the Purpose of Form W-9 When your business uses the services of a vendor hired as an independent contractor or freelancer and the individual is paid more than $600 in labor and services or $5,000 in direct sales in a year, the Internal Revenue Service (IRS) requires you to report these payments.  The […]

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