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1099 vs. W-2 Employees: The Ultimate Guide For Employers

Homebase

New employees mean good news for your business—right? On the other side of adding those new employees is the paperwork—a seemingly endless stream of documents to let you know the type of employee you’re hiring. A 1099 vs. W-2 employee. Are your employees full-time or independent contractors?

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Employee Wages & Taxes: The World of the W-2

Prism HR

The W-2, formally called the Wage and Tax Statement, is the annually required form that all employers must provide to each employee. In addition, a copy of each employee’s W-2 must be submitted by employers to the Internal Revenue Service (IRS). Your W-3 must also be filed by this date.