Form 1099 is used to report non-employee compensation paid to independent contractors, freelancers, and service providers. Federal regulations require businesses to issue Form 1099-NEC to qualifying ...

An employer is required to withhold income, Social Security and Medicare tax from their employee’s pay. They also pay half of the employee’s Social Security and Medicare taxes. At the end of the year, ...

There was a time when you had to explain to those in the 9-to-5 world what it really means to work from the couch or hang out in loungewear all day long; that’s no longer the case. Since the pandemic ...