How to Buy a Home If You’re Self-Employed

Ms. Career Girl

For someone employed by another person or business, they’re given W-2 documents to track their income history and the taxes that were taken out. To get a mortgage, self-employed workers need to prove their income and taxes with a 1099 form.

2021 151

Hiring a Contractor vs Hiring an Employee

Evil HR Lady

You may think that it’s simply your decision—do you want this person to be a regular “W-2” employee or do you want this person to be a “1099” contractor? When deciding whether to hire someone directly or to offer someone contractor employment, there is more to consider than you might realize. The reality is, it’s not all your choice. The IRS strongly regulates whether someone is a contractor or an employee. Here’s what you need to know. Control Freaks Shouldn’t Hire Contractors.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

13 Things to Hold Onto For Next Year’s Taxes

Ms. Career Girl

Probably the most well-known tax form is the W-2. 1099 Tax Forms. 1099 tax forms are available for various reasons. Freelancers and self-employed contractors may file a 1099 to report earnings for the year. Just like with W-2s, you should file 1099 forms with your tax returns. The post 13 Things to Hold Onto For Next Year’s Taxes appeared first on Ms. Career Girl. Are you breathing a sigh of relief now that tax season is officially over?

2017 122

“Must an employee be paid to sign a non-compete?”

Sklover Working Wisdom

I worked for a company as a 1099 independent contractor for several years. Then I was brought on as a W-2 employee, and the compensation remained the same. When I became a W-2 employee, I was required to sign a new and detailed non-compete agreement, but not compensated extra for signing it. Question: Is it true that a non-compete agreement can only be enforced when the employee signing it is compensated for giving up their rights?

How to Identify an Employment Scam

Resume Bear

Rather,you become an independent contractor who receives a 1099 instead of a W-2 tax form at the end of the year. Are you currently on a search for a new job? If you are, you may be using the internet, as well as your local newspapers, to find job openings. While these are both great way to find job openings that you are qualified for, as well as to apply for them, you need to remember to be on the lookout for employment scams.

2011 197

Share Your Passion – Be an About.com Guide

Telecommuting Journal

An independent contractor, or freelancer, isn’t employed by the company directly so for tax purposes you’ll be getting a 1099, not a W-2. If you’re looking for legitimate work at home jobs you might keep running across writing gigs that note “$675/mo base” as the compensation. Ever wonder what those job listings are referring to? Well, it’s likely those listings are referring to About.com’s Guide positions.

2011 100

my boss makes me wear her clothes, eat her food, and say I’m grateful for my job

Ask a Manager

When I received my tax documents, I got a 1099 instead of a W-2. As for her treating you as a 1099 contractor rather than an employee (and thus not paying your payroll taxes ), that’s illegal. The way to address it is to be incredibly matter-of-fact: “I got my tax documents and it looks like I’ve been paid as a 1099 contractor. A reader writes: I was hired about six months ago at a small business.

2019 44

managing a jerk, my director gives out wrong info, and more

Ask a Manager

It causes additional stress that I really don’t need at the end of the year when I’m already gearing up for year end taxes, W-2’s, 1099’s, etc. It’s five answers to five questions. Here we go…. My employee strategically left out coworkers from his holiday party and generally behaves like a jerk. I am the owner, founder, and managing partner of a small law firm. We employ 15 people. Of those 15, we have four leaders.

2014 33