21 Aug 1099 or Employee?
Posted at 10:00h
in
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by jeremy
I am frequently questioned about whether a person hired can be paid by as a sub-contractor or as an employee. My answer is usually the same advice I was given when I was the individual being hired as the sub-contractor: the employer bears the majority of the burden and liability.
Should a sub-contractor become injured or angry during his employment, there are many benefits that he or she is not privy to as a sub-contractor like worker's compensation and federal withholding. There are many fines and penalties the employer is subject to if certain policies are not upholded that clarify the relationship as a sub-contractor.
ADP has done a good job of laying out the details on this topic in this link: 1099 vs. W-2 Other
Jeremy Lott's academic journey at Brigham Young University helped him found a landscaping company in 2006. Though the venture was initially successful, the 2008 market crash ultimately led to a heartbreaking bankruptcy.
This pivotal moment spurred Jeremy to take charge of his financial future. Through rigorous self-education and academic pursuit, including an MBA at the University of Utah, he honed his accounting skills and became proficient in tools like QuickBooks.
Now armed with expertise and experience, Jeremy helps business leaders in construction and other industries navigate financial uncertainties. His approach blends bookkeeping proficiency with strategic financial guidance, offering a lifeline to those seeking to transcend financial chaos and achieve lasting prosperity.
