As a small business owner, there’s an abundance of tax forms you need to familiarize yourself with – and one of them is the W2 form.
The IRS requires every employer to submit this form for their employees. However, this form may not apply to all those who work for your company.
Employees working for your business – whether part-time or full-time – under an employment agreement are W2 employees. Your business will be responsible for providing employee benefits, work-related supplies, as well as paying taxes on their wages.