Employees, Independent Contactors, 1099s and New Legislation That Your Clients Should Know About
Posted by William Byrnes on August 27, 2010
Why is this Topic Important to Financial Professionals? Many small business owners are faced with issues surrounding Form 1099 and how the rules apply to their businesses. New regulations passed as part of Health Care Reform will change the past Form 1099 standard, requiring its applicability to many more situations and persons.
Please read my blogticle at Advisor FYI Employees, Independent Contactors, 1099s and New Legislation That Your Clients Should Know About
For a detailed analysis regarding independent contractors, see Tax Facts Q 814. How are business expenses reported for income tax purposes?