Why It’s Crucial To Classify Your Employees Correctly (1099 Contractors Vs. W-2 Employees)
In the United States, W-2 is the standard employee classification, while 1099 contractors are independent freelancers, contractors and other short-term workers. Misclassifying a W-2 employee as a 1099 contractor carries hefty financial, legal and sometimes even criminal penalties — but figuring out the difference between 1099 contractors vs. W-2 employees can be tricky. In this guide,…