Do I have to 1099 my contractors?
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Do I have to 1099 my contractors?
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Do I have to 1099 my contractors?It sounds like a simple question. And then, because this is accounting, the answer is…it depends.In Episode 5 of the Planting Seeds Podcast, Josh and Nick from Harvest Advisory Group tackle what business owners need to know about issuing 1099s to contractors, including when they may be required, what information you should be collecting, and why this is something you probably don't want to figure out at the last minute.Then we get into another round of rapid-fire small-business questions:What should you talk to your accountant about before you do it instead of afterward?Does every business actually need to grow?What should someone do financially before starting a business?How do you know when it's time to hire your first employee?And what's the difference between a profitable business and a healthy business?Because making money is important. But making money doesn't automatically mean everything in the business is working the way it should.Have a question you'd like us to answer in a future episode? Drop it in the comments! We're looking for real questions from real business owners.