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W-2 EMPLOYEE VS 1099 INDEPENDENT CONTRACTOR
- December 20, 2016
- Posted by: admin
- Category: Blog, Florida Contractor License
No CommentsOne thing that often causes confusion, and can potentially cause legal issues for a contractor or applicant is the difference between W-2 employment versus being paid as a 1099. When being paid by a W-2, an individual is legally employed by that company, has taxes automatically deducted from his pay and, perhaps most importantly, is
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1099 EMPLOYEE IS AN OXYMORON
- November 21, 2016
- Posted by: admin
- Category: Contractor Information, Florida Contractor License
If you elect to pay your “employees” on a 1099 basis instead of W2, they then become independent contractors, not employees. Since they are not employees, you don’t have to cover them under your insurance. Two important things to remember about independent contractors is that they must have their own insurances and licenses. Workers’ compensation
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