Information Discussion for Gate Guards
Thought I'd start a new topic for Gate Guards to use for comments. Like the moderator suggested-keep technical stuff, recipes, mechanical, etc. where they belong. Lets hear from everyone sucking down ...
Forum Discussion
mimi55 wrote:
GGS, Loma and J&G by 1099. SiteWatch, Timekeepers and all others that I am aware of, by W-2. However, please talk to a tax attorney that is familiar with the ongoing law suit, prior to going with one of the companies that pay by 1099. Tax implications are being generated by the Federal law suit as how it may impact those being paid by 1099, on the day it is settled, are starting to surface. I won't go into all of what we were told, but just make sure, in your mind, you are ready for all possible IRS scenarios and a whopper of a tax bill.
Texan, could you PM me this. Thanks The main problem for us is only one of us can get paid.
One needs to be careful when joining a co. that is paying via 1099. Read the agreement or contract to ensure that it really meets the requirements to classify one as an Independent Contractor. We have our own LLC and joined Loma as such. However we found that their agreement and other required paperwork really was more employee oriented than IC. Had our accountant and an attorney review said paperwork and the consensus was that it wouldn't hold up under Federal or State investigation, so we terminated our agreement as we weren't going to jeopardize our LLC.
We now work for a company as employees at a higher wage than Loma was paying.
