What is a 1099 employee?

Описание к видео What is a 1099 employee?

While independent contractors are often referred to as 1099 employees, they technically aren't employees of the organizations they work with. Knowing the difference between employees and contractors is essential for any employer or HR department to avoid tax penalties or lawsuits due to misclassification.

Learn more in our blog: https://www.peoplekeep.com/blog/what-...

CHAPTERS:
0:00 - Introduction
0:35 - What is a 1099 employee?
1:05 - What is the difference between a W-2 and a 1099 employee?
2:05 - How does a 1099 employee get paid?
2:42 - Conclusion

A 1099 employee is an independent contractor. The name comes from IRS Form 1099, which contract workers must complete to report their earnings.

Here are some common types of 1099 employees.
- Freelancers
- Consultants
- Self-employed workers
- Sole proprietors
- Gig workers, such as Uber or Lyft drivers and Airbnb hosts

If you're an employer looking to provide employee benefits through HRAs or stipends, PeopleKeep can help! Our personalized benefits administration platform makes managing your benefits easy.

Learn more here: https://www.peoplekeep.com/

Since starting in 2006 as Zane Benefits, we've helped thousands of organizations offer affordable benefits to their employees.

#contractworkers #freelancing #gigworker #employeebenefits #employeeperks #smallbusiness

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