For decades, the $600 threshold has been the standard for issuing 1099 forms. If you paid a contractor or vendor $600 or more in a year, a Form 1099-NEC or 1099-MISC was required. That is changing. Under the One Big Beautiful Bill Act (OBBBA), signed into law in 2025,...
An updated 1099 Contractors rule issued by the U.S. Department of Labor went into effect March 11, 2024. The rule considers six overarching factors in a “totality of the circumstances” analysis to determine whether workers are either dependent on the employer for work...
W-4s vs. 1099s. Employee vs. contractor. Do you know what your workers are actually supposed to be classified as? There are so many terms that get thrown around but, in the end, your organization is on the line to know what term and what form of payment is needed for...