An employer is required to withhold income, Social Security and Medicare tax from their employee’s pay. They also pay half of the employee’s Social Security and Medicare taxes. At the end of the year, ...

Form 1099 is used to report non-employee compensation paid to independent contractors, freelancers, and service providers. Federal regulations require businesses to issue Form 1099-NEC to qualifying ...

Working as a contractor, or hiring contractors, provides the flexibility that many workers and companies desire. In some scenarios, the independent contractor status works well. However, employers can ...