
Classifying Workers: Rules, Risks, and Red Flags
The (Not Boring) Boring Small Business Bookkeeping and Accounting Podcast
Manage episode 473769015 series 3475491
How can businesses determine whether a worker should be classified as a W-2 employee or a 1099 subcontractor? Our resident bookkeeping mensch, Paul Rosenblum, breaks down the two main tests—the Common Law Test and the ABC Test—used by states and the IRS to assess worker classification, highlighting the serious tax implications of misclassification and the challenges employers face in navigating these rules. Turns out, bookkeeping isn’t just about numbers—it’s also about dodging financial punches… speaking of which, why did the bookkeeper break up with the calculator? It couldn’t handle their negative balance!
Episodes mentioned:
- W2 or 1099...The Question That Haunts Business Owners (ep 5)
- W2 or 1099: A closer look (ep 6)
https://www.buzzsprout.com/2188873/episodes/12836054-w2-or-1099-a-closer-look
- 1099 Reporting Changes (ep 21)
https://www.buzzsprout.com/2188873/episodes/13852295-1099-reporting-changes
- QuickBooks no more? (ep 26)
https://www.buzzsprout.com/2188873/episodes/14240698-quickbooks-no-more
😄 Send Paul a message. (add your email for a reply). https://www.buzzsprout.com/twilio/text_messages/2188873/open_sms
🎧 Podcast production & Growth: https://www.coffeelikemedia.com/
💸 Website: https://bookkeepermensch.com
🎵 Music: SourceAudio: https://www.sourceaudio.com/
📨 Email: [email protected]
68 episodes