W-2 vs 1099: The IRS Mistake That Can Cost Small Businesses Thousands скачать в хорошем качестве

W-2 vs 1099: The IRS Mistake That Can Cost Small Businesses Thousands

Misclassifying workers is one of the most common (and most expensive) mistakes small businesses make. In this video, Nedda Lemman, CPA of Lemman Tax Accountant PLLC, explains the key differences between W-2 employees and 1099 contractors, how the IRS determines proper classification, and what can happen during an audit. If you’re a business owner in Neosho, Joplin, Webb City, Seneca, or Southwest Missouri, this is information you can’t afford to ignore. In this video, you’ll learn: • How the IRS defines a W-2 employee • What qualifies someone as a true independent contractor • When you must withhold payroll taxes • 1099 and W-2 filing deadlines (January 31) • Penalties for late or missing 1099s • What happens if the IRS reclassifies your workers during an audit Misclassification can result in back payroll taxes, penalties, and interest going back to the date of hire. Reclassifying correctly now can protect your business later. Serving Neosho, MO, Joplin, MO & BEYOND. Need help with payroll, bookkeeping, or worker classification? Contact Lemman Tax Accountant PLLC today. https://lemmantax.com/