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Tag: 1099

Bookkeeping Mistakes to Avoid

To ensure success for your business, establishing proper accounting practices is a must. Whether a small business of 5 employees or a growing company of over 1000 employees, the basic accounting principles for every business are the same. Avoiding mistakes in your accounting and bookkeeping system improves financial heath and

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W-2 vs 1099

What is the difference between a W2 and 1099?

The government places the burden of tracking and taxing employees and contractors square on the employer. Every employer is required to track wages paid to individuals, and withhold and pay appropriate taxes as set forth by law. The two most common employee classifications are W2 employees (traditional employees) and 1099

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