1099 NEC CONTRACTOR VS W2 EMPLOYEE
9/01/2022 09:41:00 PM ・0 comments
What's the difference 1099 NEC CONTRACTOR VS W2 EMPLOYEE
INDEPENDENT
A contractor decides how and when the work will be performed
Contractors use their own tools and supplies
Contractors seek their own training and continuing education
Contractors decide if they do the work themselves or not
An Independent contractor will decide the prices for their work and time.
Contractors have no withholdings and must file and pay all their taxes at year end.
EMPLOYEE
Business has the right to instruct when and where to work
Business provides tools and supplies and controls use
Business provides training for employees
Business assigns work to employees
How the work is done is dictated by the business
Business provides training to work in a particular way
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