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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. A W-2 is a tax form that businesses send to their employees as well as the government. What is a W-2? What is a 1099?

Payroll 52
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4 Monumental Ways Banning Noncompete Clauses Will Transform The Future Of Work

Allwork

“Noncompetes reduce entrepreneurship and start-up formation, stagnating ambition, growth, creativity and innovation among the workforce,” said Marco Zappacosta , CEO and cofounder of Thumbtack, which eliminated noncompetes in 2020. . How Leaders Can Prepare . Look to Existing Laws.

Policies 331
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21 Ways to Read More Books

Success

A high frequency of reading may decrease the risk of cognitive decline, according to a 14-year longitudinal study published in 2020, and might even help to “delay or prevent dementia in older adults,” according to a 2018 study published in JAMA Psychiatry. I sit in my quiet place early in the morning with a cup of coffee and a legal pad.

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Can Recruiters Avoid Gender Bias In Workplace With These 4 Steps?

Recruit CRM

The World Health Organization (WHO) clearly states that about 1/3rd of a person's life is spent at work. Therefore, how he/she spends their time at work will determine their overall well-being, happiness and mental health. Usage of an Applicant Tracking System will also help recruiters onboard talent effortlessly.

2021 85