Know Your Worth

15: How to Best Set Up 1099 Contractors


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As the business owner, it’s your responsibility to set up 1099 contractors properly and issue them the 1099s on time. 

A 1099 contractor is anyone you have paid $600 or more, cumulatively, for that year. 


Sydney shares with us everything to know about 1099 contractors so you can onboard them properly, track what you’re paying them and issue the 1099s on time. 


In this episode, you’ll learn: 


01:52 — What is a 1099 contractor?

03:58 — Avoid this IRS red flag that can lead to an audit 

07:13 — How business owners determine whether someone is an employee or is this a 1099 contractor

11:29 — Why would a business want contractors over employees or vice versa?


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❓TAX PLANNING QUESTIONS TO ASK YOUR ACCOUNTANT

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🛍 75+ TAX WRITE OFFS

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✅ BOOKKEEPING CHECKLIST

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💵 BOOKKEEPING AND FINANCIAL ANALYSIS SERVICES FOR BUSINESS OWNERS

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👋 CONNECT WITH SYDNEY & KRISTEN 

Website: https://knowyourworthpgh.com/

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YouTube: https://www.youtube.com/channel/UC3wzOVSDSC-xsmLg8JJ8MJg/

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Know Your WorthBy Sydney Conway and Kristen Fedeli