Decoding Employment Contracts: The Key Distinctions Between 1099 and W-2 Workers
Companies employ two main categories of workers. Workers receive hourly or fixed salaries, whereas freelancers are compensated based on their performance or services. It’s crucial to understand the distinctions between a 1099 and W-2 Workers and the proper process for filing these papers to handle tax withholding and reporting effectively. These classifications profoundly impact employers’…