W-2 Employees or 1099-NEC Contractors? What are the Pitfalls if you Misclassify?
It is important for business owners to be familiar with the differences between a W-2 and a 1099-NEC, between an employee and an independent contractor. Understanding these differences can help prevent significant penalties, interest, back taxes, legal fees, and even jail time. The January 31, 2022 due date for filing these forms with the IRS […]
W-2 Employees or 1099-NEC Contractors? What are the Pitfalls if you Misclassify? Read More »
