Tax Requirements for Contractors and Employees

One of the most important elements to think about when growing your team is tax responsibility. Your tax requirements will vary greatly between contractors and employees. Today, we’ll talk about each type of work relationship and how to navigate their tax needs. 

In this episode, we’ll cover: 

  • How your tax responsibilities differ between employees and contractors
  • The required documentation and forms you need to use for both employees and contractors 

When it comes to payroll, HR and benefits administration, I love and highly recommend Gusto! Use my affiliate link (https://gusto.com/r/andrea2910) to earn a $100 Visa gift card for signing up, and help out the podcast at the same time!

Every week in the month of May, we are giving away $100 in Paypal cash to our listeners!

Want your chance at $100 Paypal cash? Take a screenshot of this episode, add it to your Instagram Stories, tag @andreasagerlaw and @legalpreneur, tell us what was helpful from this episode and let me know!!

Want to learn more about how to DIY your trademark? Check out The Trademark Course

Sign up for Legalpreneur Text Alerts

Text ‘PODCAST’ to 832.225.3164 to enroll in our Legalpreneur text alerts! You’ll receive alerts about new episodes, exclusive giveaways, and more. It also will allow you to chat 1-on-1 with me! 

Links: 

Instagram 

Website 

Facebook

Twitter 

TikTok – We’re blowin’ up!

Transcript

Disclaimer: 

The Legalpreneur Podcast is advertising/marketing material. It is not legal advice. Please consult with your attorney on these topics. Copyright Andrea Sager Law 2020

—- 

Other Related Episodes

Episode 209: How to Structure a Partnership

Are you thinking of going into a partnership? If so, I highly recommend you listen to this episode before you jump in. Are you currently in a partnership? This is the episode for you. I am passionate about protecting you and your partners! So listen all the way to through for some sound advice.

LISTEN NOW
Episode 208 All About Credit Card Rewards

Are you utilizing credit cards to your advantage? Did you know that you can earn points and rewards that can benefit you and your business? If not, you should! And I am linking some of my favorites below for you to check out.

LISTEN NOW
Episode 207 Miss Jordan Soul Activator

Miss Jordan’s mission is to awaken you to understand deeply who you are and to help you express your essence. It isn’t about becoming, you already have everything inside of you. She is here to connect you to the highest version of yourself led by the truth of your soul. Are you ready for the journey?

LISTEN NOW