Were you caught off guard when it was time to prepare 1099-MISC forms for your vendors? You should have a completed Form W-9 on file for all vendors that you do business with. A Form W-9 will give you the Federal ID number of the vendor, type of entity, and the correct company name and […]
1099 Contractor vs. Employee
Determining whether or not an individual is an independent contractor or an employee is very important in terms of taxes required to be paid and forms to be filed for the individual as well as the company doing the hiring. In fact, if a company incorrectly identifies an employee as an individual contractor it could […]