Struggling to determine whether your workers should be classified as W-2 employees or 1099 independent contractors? In this video, we'll break down the key differences between these two categories and guide you through the process of classifying your workers correctly.

We'll cover:

- The critical distinctions between W-2 employees and 1099 independent contractors.
- The IRS's 'Three Factor Test' and other guidelines to help you make informed decisions on worker classification.
- The potential risks and consequences of misclassifying your workers, including fines, penalties, and legal issues.

Don't leave your business exposed to risks and complications. Watch this video to gain a better understanding of worker classification and ensure compliance with IRS guidelines. Subscribe to our channel for more insightful videos on business management and financial matters!

Intro: 0:00
Why is Worker Classification Important?: 0:16
What's Covered in This Video: 0:38
What is an Independent Contractor?: 1:03
Difference Between 1099 Independent Contractors & W-2 Employees: 1:19
When to Classify a Worker as an Independent Contractor: 1:50
What Do You Do Differently With an Independent Contractor?: 3:02
How to Get Help with Worker Classification: 3:31
Outro: 3:54

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