Question

Can I get 15 different deposit slips envelopes if I am paying 15 different private school teachers in cash?

1 year ago - 1 answers

Best Answer

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Do you know the difference between an independent contractor and an employee:

If the person is an EMPLOYEE - you are required to withhold taxes and you are required to pay some employment taxes on them. You can still pay them "cash" but what's the sense since they are normal professional who have bank accounts and everything.

If the person is an INDEPENDENT CONTRACTOR - you pay them with a check and the INDEPENDENT CONTRACTOR is responsible for their own taxes. You don't do any tax withholding. You require them to complete a W9.

You CANNOT pick and chose if you have employees or independent contractors, it's based on the job the person does.

1 year ago