Tag: trucking contractors

How to Save Money with Self-Service Payroll

Posted on December 11, 2020 by - Trucking Business

Congratulations – You’re growing! Hiring contractors means paying trucking contractors.

If you’re not a payroll expert, it may be tough to know just where to start. That’s okay!

Here’s everything you need to know about finding the perfect self-service payroll solution for paying your trucking contractors.

Paying Contractors

EES Payroll

EES stands for “employee self-service”, with EE being a two-letter abbreviation for “employee”.

EES refers to technology that allows employees with an EES payroll login to handle many administrative needs on their own.

For instance, EES payroll services allow employees to have full access over payroll, letting small businesses manage payroll from afar, without a single sheet of paper!

Make life easier for both you and your employees by outsourcing certain time-consuming aspects of business, like payroll tax service, to your employees. Plus, you’ll save tons of money!

With an EES payroll login, your employees will have 24/7 access to pay stubs and other payroll information that they might need for taxes, loans, and more.

In addition, EES payroll systems are secure, so sensitive information will stay safe on the payroll tax service platform.

EES Portal

An EES portal is the interactive portion of an EES system.

An EES portal allows your employees to access payroll features from their own devices.

Each employee will have their own payroll login information to an individual account. The self-service portal for employees is a huge time saver for you, allowing employees to do more payroll and HR tasks on their own.

For instance, they can view and print payroll information, access payroll history, and more.

Small business payroll is often overlooked by other, more pressing business needs. Make sure that your employees are paid on time and correctly with the help of an online payroll tax service.

Plus, stay tax compliant by keeping an accurate record of employee information.

Payroll Services

Now, all that’s left is to find a self-service payroll system that does it all!

PayWow is your small business payroll solution, created to help you grow.

With PayWow, it’s easy to pay contractors and manage 1099 filings. In fact, you can pay your contractors with just a few clicks, and generate and file 1099’s automatically.

The best part is that it’s completely paperless! Keep track of everything you need without shuffling through the file cabinets.

You can even track your contractors through the PayWow dashboard, letting them record their work hours. Utilize this feature to integrate time & attendance data when paying contractors!
Get started with PayWow’s features today and streamline your payroll services.

What You Need to Know About Form 1099-NEC For Independent Contractors

Posted on November 4, 2020 by - Trucking Business

Not sure how to properly report taxes for your independent trucking contractors?

Don’t worry, you don’t need an expensive accountant and this solution won’t waste hours of your time. Visit our sister product TaxBandits to e-file and pay any owed taxes on time with their quick, easy, and secure step-by-step filing process. They provide filers with built-in error checks, bulk upload data, experienced US-based customer support, and so much more.

Here is what you need to know to file 1099-NEC Forms today!

Form 1099-NEC: Independent Contractors

Form 1099-NEC is used to report payments for services performed for a trucking business by people not treated as its employees, like subcontractors or independent contractors. The purpose of this form is to report miscellaneous income.

Employers must file Form 1099-NEC for non-employee compensation equaling $600 or more during the tax period. Your independent contractors will use this information to complete their income tax returns. Also, you are required to issue copies of Form 1099-NEC to your independent contractors by January 31.

Information Required To Complete Form 1099-NEC

Luckily it’s easy to complete IRS Form 1099-NEC as long as you have your business records on hand. As a business, you’re considered the payer, and you will need to provide your business name, EIN (Employer Identification Code), and address.

Your independent contractor is your recipient, and you will need their name, EIN or social security number, and address. If you don’t have this information already, you can request their information through a W-9. The W-9 process takes roughly 60 seconds using TaxBandits and only requires the driver’s valid email address.

Then you will need federal details such as the number of miscellaneous incomes you provided to the recipient with the amount of federal tax withheld. You will also provide state details such as the state income, payer state number, and state tax withheld.

Filing Form 1099-NEC With TaxBandits

You can complete Form 1099-NEC in a matter of minutes with TaxBandits. All you have to do is create your free account and follow the interview style e-filing process. Helpful tips along the way to explain what information is required to complete your form and where it needs to be entered.

Plus, they offer exclusive e-filing features to make the entire process super convenient. For example, you can save time by using the bulk-upload feature to import all of your independent contractor information at once.

Also, forget about heading to the post office! Simply use the postal mailing feature to have TaxBandits print and mail hard copies of Form 1099-NEC to each of your recipients.

If you need any assistance while e-filing 1099-NEC, the US-based TaxBandits support team is standing by to help.

E-File Form 1099-NEC