![]() 1099 Independent Contractorsġ099 independent contractors get their name from a tax form in this case, the form is called 1099-MISC. And that leads to more expenses for employers, including payroll taxes, insurance, and more. This means they are full time employees paid, not for contract work, but for consistent employment. W2 employees get their name because of the W-2 form employers file with the IRS to employ them. When you hire a W2 employee, you are locking a person into a contract that improves their commitment to your organization, offers more continuity in employment, and allows for greater control over working hours and conditions. It’s not that W2 employees don’t have their advantages, they certainly do. grew by 15% over the past decade alone-they’re great for the bottom line. ![]() There’s a reason the number of independent contractors, often called gig workers, in the U.S. ![]() One of the best ways to do that without hurting business results is with 1099 independent contractors. No matter how strong the economy is, employers are always looking to save money on labor. Labor costs continue to be the largest expense many employers have, representing as much as 70% of a business’s expenses according to data from Paycor.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |