Guides ยท Finance
Payroll Basics for Contractors
Pay contractors correctly
Paying contractors requires correct classification, collecting tax forms, and timely payments with records for year-end reporting.
- 1099
- classification
- invoices
- records
- compliance
Classify Correctly
Ensure workers meet contractor criteria; avoid misclassification.
Collect Forms
Gather W-9s and payment details securely.
Pay and Record
Pay agreed terms, track invoices, and prep 1099s.