How to Best Set Up 1099 Contractors | Know Your Worth E15

January 9, 2024

As the business owner, it’s your responsibility to set up 1099 contractors properly and issue them the 1099s on time. 

A 1099 contractor is anyone you have paid $600 or more, cumulatively, for that year. 

Sydney shares with us everything to know about 1099 contractors so you can onboard them properly, track what you’re paying them and issue the 1099s on time.

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In this episode, you’ll learn: 

01:52 — What is a 1099 contractor?

03:58 — Avoid this IRS red flag that can lead to an audit 

07:13 — How business owners determine whether someone is an employee or is this a 1099 contractor

11:29 — Why would a business want contractors over employees or vice versa?

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