Don't Stress Over Contractor Payments
We know that staying on top of contractor payments involves hundreds of details, so let us do the hard work for you.
BookkeeperSA understands how important it is for businesses to stay organized with their contractor payments. Our hassle-free services allow you to keep your books in order and remain compliant with all contractor payments. Our team of experienced bookkeepers ensures that all 1099 contractors are paid properly and on time.
From tracking employee hours worked to ensure all taxes are compliant, we have your back! Our staff will also provide expert advice regarding filing the appropriate paperwork for 1099s at the end of the year.
Our services include:
- Tracking contractor payments
- Calculating income earned from contractors
- Preparing necessary forms for filing 1099s
- Providing guidance on applicable tax regulations
We take the hassle out of managing contractors by providing experienced bookkeepers who are knowledgeable in all areas of contractor compliance. By partnering with us, you get peace of mind knowing that your contractor payments are accurately tracked and that all of the necessary forms and information for filing 1099s have been prepared properly.
Our goal is to ensure you’re always in compliance with applicable tax regulations and to help you save time and money by eliminating the hassle of managing contractors.
What Is the Difference Between a Contractor and an Employee?
A contractor is an individual who provides services to a business but is not directly employed by that business. Contractors are typically paid on a project-by-project basis and set their own work hours. They also usually provide their own materials and tools necessary to complete the task at hand.
In contrast, employees are hired by a business as part of its staff and are paid for their work on an hourly or salary basis. Employees also have their taxes withheld from each paycheck, whereas contractors must pay self-employment taxes in addition to standard income tax.
It is important to understand the difference between contractors and employees, as there are different tax regulations for each.
Why Is It Important to File 1099s?
Filing 1099s is an important part of managing contractors and employees. By filing 1099s, you ensure that payments comply with IRS regulations and that all applicable taxes are paid on time. Failing to file 1099s can result in penalties and fines from the IRS, so it’s important to be aware of your obligations.
BookkeeperSA will help you understand your responsibilities as an employer, keep track of contractor payment information and prepare appropriate forms for filing 1099s. We ensure you stay compliant with all tax regulations and eliminate any hassle associated with managing contractors.
Keep Your Contractor Payments in Check
At BookkeeperSA, we understand the complexity of managing contractors and will do our best to ensure you’re always compliant with applicable tax regulations. We make it easy for businesses to track contractor payments and prepare all necessary forms for filing 1099s at the end of the year.