Friday, July 25, 2014

Trying To Avoid Paying Employment Taxes By Hiring Independent Contractors? Be Careful!

February 19, 2009 by  
Filed under Tax Law

Usually, the most expensive part of running your own business is hiring employees.  This is because, outside of a salary, an employer must withhold and pay Social Security Taxes, Medicare Taxes, and pay unemployment taxes on those wages.  This is not required if you hire an “independent contractor”.  However, just because you categorize someone as […]

Did you hire independent contractors? Remember to issue 1099′s…

January 27, 2009 by  
Filed under Tax Law

When you have made payments during the year to independent contractors (those who are not your employees), you have to issue a Form 1099-MISC. These payments have to be reported if they were made during the course of your occupation or business.  Specifically, a Form 1099-MISC must be issued when you make payments for a […]