Formulas
Could You Be Misclassified as an Independent Contractor?
Did you know that many stylists are misclassified as independent contractors when they should be classified as employees? This widespread issue in the salon industry can be a confusing gray area, but can cost salon owners a lot of money if the Internal Revenue Service conducts an audit. When tax time comes, an employee receives a W-2 form, while an independent contractor receives a 1099 form. Want to know if you’re misclassified? Download the FREE 20-page tax guide to help determine if you’re an employee or independent contractor. Here’s a real-life example from the IRS...
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