How To Pay 1099 Independent Contractors as a Small Business
ฝัง
- เผยแพร่เมื่อ 4 ก.ค. 2024
- You want to hire a 1099 Independent Contractor but you don’t know how to pay an independent contractor.
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Outline:
Intro: 0:00
AVOID THIS MISTAKE: 0:49
STEP #1: 1:12
STEP #2: 3:51
STEP #3: 4:25
STEP #4: 5:45
WATCH THIS NEXT: 8:15
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
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This is useful but does not answer the question how do I pay them. Do I give them an invoice? What is the paperwork for the payment? How do I get generate it?
Nice job and very useful. I really appreciate that you got straight to the point without a bunch of useless jibber jabber.
You explain things so well! Thank you!!
VIDEO WAS AMAZING, THANK YOU!!!
Omg, this was extremely helpful 💰
This is amazing info. Thanks a lot!!!!
You’re welcome. Thanks for watching!
shout out to u for this video thanks man
Thank you so much for this info!
My pleasure! 😄
Bro you’re the greatest
Thank you for the explanation in this topic. Is the process the same when you use contractors from Fiverr or upwork?
I fw yall
Great video! Thank you for the information. Is there an IC template "contract" that you would suggest?
Thanks. Law depot or Rocket Lawyer is a good place to start. Always edit for your specific needs.
Thanks for this video
Anytime. Thanks for watching!
Great video. What if the independent contractor is an international remote worker?
Great job informative. Tu
That's why we're here!
Can we consider a nurse is a 10-99 employee who works as per diem for a nursing agency? Thank you for sharing!
I think you're wrong about the behavior and control aspects impacting your classification as employee or contractor. In the IT space, you can't tell the difference between the contractors and the employees unless they told you. They enforce the same control over our work. We work side-by-side with employees doing the exact same thing. They absolutely have a say in HOW we do it (processes, tooling, timing, training - the works). If what you said is correct, the entire technology industry in the United States is out of compliance. I've been doing this for over 20 years and in many states and that's how it works - almost everywhere.
Question, I live in Pa, not sure if state-by-state is different, I am being told by my mechanic who is also a carrier, that you can't pay a driver 1099 if his income is 80% from the carrier, wondering if that is true.
Where do I get this 1099 NEC? Can this be done electronically?
If I’ve paid an independent contractor/freelancer via PayPal (more than $600), will I still have to collect a W9 from them and fill out and send them a 1099? Thank you for your assistance!
This information is gold.. however I could use more information 🙂🙌🏾
Thanks! Happy to help further...what other information do you need?
Did you see the example 1099 completely filled out in the video?
Nope. It's right in this video. See the 6:50 mark 😉
If I start independent contractor work under my name can I have the pay deposited into my business checking account of my LLC that’s not being used?
If I pay my employees through cash app can I claim that cash as I taxe’s?
1. Do you have to have a license to qualify as a 1099?
2. Do employers have to have workman's comp for 1099 independent contractors?
3. Is 1099 considered employee or independent contractor?
4. How to Hire a 1099 independent contractor ? Documents needed and a list of process?
5. Can the 1099 IC work in the same building as the employer ?
(California Laws)
(Trade: Warehouse work and Manufacturing)
If you work with the contractor over and over.do you need a 1099 for each project? Or just one for the whole year?
Can you cover how to file taxes or what type of business to register for when you are an independent contractor that receives multiple 1099s at the end of the year? Thank you so much!
Hey Doula, check out this playlist: th-cam.com/play/PLfYAvlh4-VVSVn2DTEHAlbhCucZJQPwIM.html
@@LYFEAccounting thank you!
Can you do a video on staffing Virtual Assistants overseas?
Please!
I just got my real estate license and I was wondering if I can get tax deductions/write offs on a mustang gt if I put my contact info on my rear view window and use it to “view properties” ? Haha
Yes! Car write offs are gold for agents. We have a video coming out on Thursday at 4:30 that will give you some insight on this. The beginning of the video goes over the write offs for using a car for business purposes like "viewing properties" 😄
LYFE Accounting appreciate it🙏 I’ll make sure to tune in
❤❤❤❤❤
5:58 praise Him
🙌🏾
😮
Don't worry, the IRS is going to start issuing these docs on your behalf with the $600 initiative
666 - It's just a number, right? Lucky me, I hope I become a BEAST!!!