Gain an understanding of how to properly define an employee and an independent contractor within your payroll.

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Payroll issues can be confusing for anyone in business, from the president, company officers, owners and those in positions of overseeing the many aspects of payroll and 1099 reporting inside the day-to-day working and those who assist businesses with this tricky and complicated topic. How can all the aspects be kept straight and avoid the potential pitfall of missed deadlines and government penalties? This topic will take some of the mystery out of the confusion surrounding payroll filing and 1099 reporting as well as the items needed to keep things tracked, organized and timely. This material explains forms and items that are required submissions to the government, explanations and examples of employees vs. independent contractors, and how to determine when reporting for independent contractors is not only necessary but required.

Learning Objectives

• You will be able to review forms submitted by employees and contractors for proper and accurate informational documents.
• You will be able to identify the forms needed when starting payroll and forms needed quarterly and annually.
• You will be able to explain why penalties can be avoided for timely filing and reporting.
• You will be able to define who is an employee and who is an independent contractor.