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How can businesses determine whether a worker should be classified as a W-2 employee or a 1099 subcontractor? Our resident bookkeeping mensch, Paul Rosenblum, breaks down the two main testsāthe Common Law Test and the ABC Testāused by states and the IRS to assess worker classification, highlighting the serious tax implications of misclassification and the challenges employers face in navigating these rules. Turns out, bookkeeping isnāt just about numbersāitās also about dodging financial punches⦠speaking of which, why did the bookkeeper break up with the calculator? It couldnāt handle their negative balance!
Episodes mentioned:Ā
- W2 or 1099...The Question That Haunts Business Owners (ep 5)
https://www.buzzsprout.com/2188873/episodes/12836055-w2-or-1099-the-question-that-haunts-business-owners
- W2 or 1099: A closer look (ep 6)
https://www.buzzsprout.com/2188873/episodes/12836054-w2-or-1099-a-closer-look
- 1099 Reporting Changes (ep 21)
https://www.buzzsprout.com/2188873/episodes/13852295-1099-reporting-changes
- QuickBooks no more? (ep 26)
https://www.buzzsprout.com/2188873/episodes/14240698-quickbooks-no-more
Support the show
š Send Paul a message. (add your email for a reply). https://www.buzzsprout.com/twilio/text_messages/2188873/open_sms
š§ Production & Marketing Assistance: https://www.coffeelikemedia.com/
šø Website: https://bookkeepermensch.com
šµ Music: SourceAudio: https://www.sourceaudio.com/
šØ Email: [email protected]
5
88 ratings
š¦ Send us a text message! But please include your email or a way to get in touch with you. This feature is not two way!
How can businesses determine whether a worker should be classified as a W-2 employee or a 1099 subcontractor? Our resident bookkeeping mensch, Paul Rosenblum, breaks down the two main testsāthe Common Law Test and the ABC Testāused by states and the IRS to assess worker classification, highlighting the serious tax implications of misclassification and the challenges employers face in navigating these rules. Turns out, bookkeeping isnāt just about numbersāitās also about dodging financial punches⦠speaking of which, why did the bookkeeper break up with the calculator? It couldnāt handle their negative balance!
Episodes mentioned:Ā
- W2 or 1099...The Question That Haunts Business Owners (ep 5)
https://www.buzzsprout.com/2188873/episodes/12836055-w2-or-1099-the-question-that-haunts-business-owners
- W2 or 1099: A closer look (ep 6)
https://www.buzzsprout.com/2188873/episodes/12836054-w2-or-1099-a-closer-look
- 1099 Reporting Changes (ep 21)
https://www.buzzsprout.com/2188873/episodes/13852295-1099-reporting-changes
- QuickBooks no more? (ep 26)
https://www.buzzsprout.com/2188873/episodes/14240698-quickbooks-no-more
Support the show
š Send Paul a message. (add your email for a reply). https://www.buzzsprout.com/twilio/text_messages/2188873/open_sms
š§ Production & Marketing Assistance: https://www.coffeelikemedia.com/
šø Website: https://bookkeepermensch.com
šµ Music: SourceAudio: https://www.sourceaudio.com/
šØ Email: [email protected]
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