re: Bank account recs

I just know the basics on the difference between 1099 and W-2. If you have W-2 employees, you have to pay payroll taxes on them which is an additional 9% outside of witholding their state and federal taxes. You can do this on your own, but I would hire an accountant to handle this (another incremental cost). 1099 Indy Contractors are much easier as you basically just cut them a check at the end of each month, get them to fill out a W-9 for your records, and then issue 1099s come tax season.

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