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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?

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Standard Operating Procedures: Tips for Creating Business Systems | Office Organization & Office Efficiency | OfficeArrow

www.officearrow.com

Checklists ensure that all steps or actions occur, not necessarily in a specific order (though that can be part of the process), but rather just that they are completed, while a template is an established pattern - form letters, resume designs - that you can use over and over to produce the same result.

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My thoughts on the multi-VA model

Virtual Moxie

Legally, and with lower risk, it could profitably be run with employees. Bit O’Moxie : Look…if you’re going to set up a multi-VA firm, do it legally and minimize your risk. and do it legally. I have also coached other VAs to (legally) create a successful 6-figure VA business. I also run a multi-VA firm and do it legally.

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