The Employee Expansion Blueprint: When It's Time to Convert 1099 Contractors - Ep 120

When should a contractor become an employee? What is a W9 or 1099 contract? How should you collect them? In this episode of Entrepreneur Money Stories, Danielle is joined by Kelsey to answer those questions and explain their complete blueprint for business owners on how to expand their teams.

Topics Discussed:

Intro (0:00)

What are W9 and 1099 contracts? (1:33)

The best practices for collecting the W9s and who you need to collect them from (2:48)

What is the difference between a contractor and an employee? (8:12)

Money Mindset Mastery Framework (10:11)

When to turn a contractor into an employee and the benefits of each (11:14)

The most important reminders (17:20)

Connect with us for help (19:00)

For more help regarding employees, contractors, W9 or 1099 contracts, visit:

https://kickstartaccountinginc.com/get-started/

Connect with Danielle:

Instagram | @Daniellehayden__OH

Instagram | @Kickstartaccounting

Website | Kickstart Accounting, Inc.

Facebook | Kickstart Accounting, Inc.

Get Started Today: https://kickstartaccountinginc.com/get-started/