It’s easy to get overwhelmed with all the different forms necessary to run a business. However, knowing which forms you need for specific types of employees is essential to keep all your accounts and tax information organized and updated.  

In this episode, I walk through the most common forms required to keep your business on track.  

In this episode, you’ll also hear: 

• Understanding employee tax forms  


• Business partnerships, contractors, non-employee compensation 


• When to use 1099 Miscellaneous forms   

Must-listen moments:  

[00:01:27 ] The W4 is the form that employees fill out, and a W2 is what you get when you are an employee, and you get a record of your work. 

[00:03:31 ] If you hire somebody to do a service, if you hire someone to build a website for you, provide bookkeeping services, provide advice on something, you hire a marketing firm, anyone that's providing you a service–you need to get a W9 from them 

[00:06:08 ] 1099 NEC, these are for independent contractors, and it is for contractors and freelancers. You are required to file this form if you have paid anyone over $600 and they are an LLC or a sole proprietor. 

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