Most insurance companies will require that you provide worker's comp insurance for anybody you issued a 1099 for, unless you have a certificate of insurance from them showing they had their own…

More Information: Employee vs. Subcontractor: What’s the Difference & Why You Should Care

Tags: 1099 Subcontractors, Workers Compensation Insurance

How do I track subcontractor payments in Quickbooks?

You should enter their bills or payments as multiple line items, using separate expense accounts for materials and labor. At the end of the year it is theoretically possible to print 1099's right out…

Tags: 1099 Subcontractors, Liability Insurance, Quickbooks, Workers Compensation Insurance

How many hours does someone need to work before I have to have workers comp insurance?

As soon as you have ANY employees, for ANY number of hours, you are required to have workers compensation insurance. The first quarter after you have any payroll, you will also be required to pay…

Tags: General Business, SUTA, Workers Compensation Insurance

SIC (Standard Industrial Classification) Codes

SIC (standard industrial classification) codes are often used by insurance companies to set rates for businesses; classifications are used to determine risk. Your SIC code will affect your liability…

Tags: General Business, Health Insurance, Liability Insurance, Workers Compensation Insurance

What are the rates for different workers' comp classifications?

The Massachusetts Association of Insurance Agents has general information on rates and classifications on their website. If you think your business has been misclassified and it’s affecting…

More Information: What's the Real Cost of an Employee? (online calculator), Massachusetts Association of Insurance Agents

Tags: Employees, General Business, Workers Compensation Insurance

Local or remote website design and search engine optimization (SEO), website hosting, WordPress theme and plugin development, custom database applications and book or catalog typesetting & design. Client-managed online payroll, including direct deposit and electronic payroll tax filing. Bookkeeping and on-site payroll services for local businesses (greater Easthampton, MA 01027, Northampton, MA 01060, Florence, MA 01062 and Hadley, MA 01035 areas). In business since 1990; member Easthampton Chamber of Commerce since 1999. About the Company.