1099 or W2? The Difference Between Contractors And Employees Is More Costly Than You Think

The difference between a contractor and an employee isn’t negligible. It’s tempting as a small business owner to reduce your payroll expenses and tax liabilities as much as possible, but employee misclassification is a serious crime. Misclassifying your employees could cost you thousands in penalties and FICA back-taxes. In some situations, though, you really do...