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Course Description

Often, small business owners are not aware of what could go wrong by misclassifying employees as contractors. There is a significant difference between a W-2 employee and a 1099 contractor, especially as it relates to tax implications and legal issues with IRS and DOL. This program is designed to inform you of the requirements for each structure and when it may be permissible to use one over the other, along with the pros and cons of each structure.

Course Outline

  1. Defining a W-2 employee and 1099 contractor
  2. Understanding IRS guidelines for each structure
  3. Overview of industries and roles most commonly used and misused
  4. Overview and use of 1099 agreements
  5. Pros and cons of W-2 employee vs 1099 contractor
  6. Additional Resources
  7. Q&A

Learner Outcomes

Learner Outcomes:

-How to use information about your industry and job function to properly implement the appropriate employment structure.
-Understand the IRS and DOL requirements of a W-2 and 1099 structure 
-How to appropriately use and implement an independent contractor agreement/1099 agreement
-Understand the consequences of not adhering to the proper structure 

Notes

A Public Service and Outreach Unit of the University of Georgia. Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. All programs of the UGA SBDC are open to the public on a non-discriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.

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