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

BMT Office Administration

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. Booth copies must be sent out by January 31.

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Applying for a W2 e-filing waiver

BMT Office Administration

The Social Security Administration’s no-programming e-filing option— W-2 Online —allows you to key information into a PDF of the W-2. Since a waiver is for the current year’s filings only, be sure to enter 2023 on Line 1a. This new mandate will hit small employers especially hard, since they never had to e-file before.

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