Form 1099

Your employer tax liability differs greatly depending on whether you classify workers as independent contractors or employees. When you hire employees, you're responsible for reporting and paying employer and employee taxes on a regular basis. When you use independent contractors, you don't have to pay taxes, they pay their own. Instead, you issue any contractor you've paid at least $600 per year a 1099 form at the end of the year.

Line Break for Payroll Terms Some videos that relate to Payroll Terminology & Definitions
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