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JANUARY 1, 2009 DEADLINE
If your business hires independent contractors and
gives them a 1099 at the end of the tax year, beginning January 1,
2009 those independent contractors will be considered your
employees by the State of Minnesota.
Your options are:
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Hire your Independent Contractors
(ICs) as employees.
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Have your ICs get an Independent
Contractor Exemption Certificate before January 1, 2009.
Click here to see if they qualify.
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After January 1, 2009,
Construction Contractors will be required to deduct 2% as
Minnesota state income tax withholding from individual Independent
Contractor 1099s over $600.
Click here for state requirements.
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Let us create a Limited Liability
Company (LLC) or S Corporation and then you can contract with
the new business.
Click here to start a new LLC or S Corp.
Call us for more information:
651 917-3727. |
