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In today's business environment, understanding the fundamental difference between employee and contractor is critical to profitable relationships with employees.

Editor's note: This article is written by Lyssa Test and was first published on the The Namely blog.Contractor or employee? With 57 million workers, or 36 percent of the U.S. workforce, participating in the gig economy, the line between contractors and employees has never been blurrier. The tax filing implications are even more complicated.Here’s everything you need to know about the Form 1099, Form W-2, and classifying your employees correctly.

Gross pay (also known as gross salary) is the amount of compensation a company or organization pays an employee before any required or voluntary deductions take effect, per payment period. Gross pay is the number listed at the top of each payroll statement. For example, if an employer says, “I’ll pay you $60,000 a year with a $2,000 end-of-year bonus,” the employer agrees to pay $62,000 as an annual salary, or total gross wages.Net pay is the amount of compensation an employee receives every pay

Get out your party hats – it’s the annual holiday season! This time of year signals a time when employees eagerly look forward to what the company has in store for them. Like little kids in a candy shop, they wonder if they will they get another turkey from the boss again this year, or does he have something else up his sleeve – like a bonus check?To find out what employees really want this year, I polled a group of random working people using Quora and Facebook. I asked the question, “As an emp

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