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| Home » Payroll Services » W2 & 1099s |
| W2 & 1099s |
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 Whether a client utilizes independent contractors, employees, or both, it is very important to ensure that reporting of compensation paid to either is properly performed. Statutory obligations to report summary compensation to employees or independent contractors, as well as taxing authorities can be a tedious task. As co-employer, PSP handles all of its clients' employer obligations, in this regard, to meet all statutory requirements. At the end of each year, W2s and 1099's are issued to employees, and independent contractors; and any corrected W2s (W2C), if applicable. In addition, wage and miscellaneous payment reporting to Social Security Administration, Internal Revenue Service, and other applicable state and local agencies are all handled by our in-house staff. |
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Payroll Services
