Understanding W2 vs 1099 employees is important for small business owners in avoiding the consequences that come with misclassification. We are seeing states become more aggressive with W2 vs 1099 compliance, so it's important to make sure you have a good understanding of this subject.
In this video we dive into the differences of W2 vs 1099 employees, the pros and cons of each for small businesses, and the IRS rules behind classifying W2 and 1099 (independent contractor) employees.
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W2 vs 1099 Employees | For Small Business Owners
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