Uncle Ben
Well-Known Member
Interesting. Do your employees actually file a quarterly payment or do they wait until the end of the year to take it in the hiney ho?Hello london,
All my employee's get 1099's . And I withhold no tax's, they work on a percentage of the gross and they pay their own tax's. Pretty simple set up, but not everybody can do that. If the business does really good their paychecks get bigger, kinda like profit sharing on a percentage of the gross.
Don't quote me but I believe Farmers and Fisherman can pay employee's and hand out 1099's. People that pay by the hour could be stuck with W4's and withholding for tax's. TRUMP!